Acuity Brands Inc (AYI)
Gross profit margin
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,713,200 | 1,672,700 | 1,475,000 | 1,402,400 | 1,479,700 |
| Revenue | US$ in thousands | 3,913,100 | 3,981,400 | 3,461,000 | 3,326,300 | 3,672,700 |
| Gross profit margin | 43.78% | 42.01% | 42.62% | 42.16% | 40.29% |
August 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,713,200K ÷ $3,913,100K
= 43.78%
The gross profit margin of Acuity Brands, Inc. has shown a generally increasing trend over the past five years, reflecting the company's ability to effectively manage its cost of goods sold and generate higher gross profits.
The gross profit margin increased to 43.35% in 2023 from 41.75% in 2022, indicating improved efficiency in production and lower production costs. This suggests that the company has been able to maintain competitive pricing while reducing the direct costs associated with manufacturing its products.
The upward trend in gross profit margin is a positive signal for investors, as it indicates that the company's pricing strategies and cost control measures have been effective in enhancing its overall profitability. However, it's important to consider other factors such as operating expenses and net profit margin for a more comprehensive assessment of the company's financial performance.
Peer comparison
Aug 31, 2023