Acuity Brands Inc (AYI)
Gross profit margin
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,781,700 | 1,713,200 | 1,672,700 | 1,475,000 | 1,402,400 |
| Revenue | US$ in thousands | 3,835,700 | 3,913,100 | 3,981,400 | 3,461,000 | 3,326,300 |
| Gross profit margin | 46.45% | 43.78% | 42.01% | 42.62% | 42.16% |
August 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,781,700K ÷ $3,835,700K
= 46.45%
The gross profit margin of Acuity Brands Inc has shown a consistent improvement over the past five years, indicating the company's ability to effectively manage its cost of goods sold relative to its revenue. The margin increased from 42.16% in 2020 to 46.45% in 2024, reflecting a positive trend in the company's profitability. This improvement suggests that Acuity Brands has been able to either increase its selling prices, negotiate better terms with suppliers, or enhance its production efficiency.
The rising gross profit margin signifies that Acuity Brands has been successful in optimizing its production processes and controlling its direct costs, leading to a larger proportion of revenue translating into gross profit. This metric is crucial in assessing the company's operational efficiency and its ability to generate profits from its core business activities. Overall, the consistent upward trend in the gross profit margin of Acuity Brands Inc indicates a positive trajectory in the company's financial performance and operational effectiveness.
Peer comparison
Aug 31, 2024