Acuity Brands Inc (AYI)
Gross profit margin
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,730,800 | 1,725,100 | 1,713,200 | 1,733,000 | 1,730,800 | 1,703,400 | 1,672,700 | 1,629,500 | 1,571,000 | 1,528,400 | 1,475,000 | 1,430,800 | 1,371,800 | 1,379,000 | 1,402,400 | 1,422,000 | 1,478,000 | 1,468,000 | 1,479,700 | 1,496,900 |
| Revenue (ttm) | US$ in thousands | 3,813,600 | 3,850,400 | 3,913,100 | 4,022,500 | 4,082,500 | 4,049,200 | 3,979,100 | 3,887,700 | 3,727,000 | 3,594,000 | 3,461,000 | 3,363,200 | 3,240,000 | 3,287,700 | 3,326,400 | 3,379,200 | 3,547,600 | 3,575,500 | 3,672,900 | 3,768,000 |
| Gross profit margin | 45.38% | 44.80% | 43.78% | 43.08% | 42.40% | 42.07% | 42.04% | 41.91% | 42.15% | 42.53% | 42.62% | 42.54% | 42.34% | 41.94% | 42.16% | 42.08% | 41.66% | 41.06% | 40.29% | 39.73% |
February 29, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,730,800K ÷ $3,813,600K
= 45.38%
Acuity Brands Inc has shown a favorable trend in its gross profit margin over the past few quarters. The gross profit margin has been steadily improving from 39.73% in the third quarter of 2019 to 45.38% in the first quarter of 2024. This indicates that the company has been effectively managing its production costs and increasing efficiency in its operations.
The consistent increase in the gross profit margin reflects positively on Acuity Brands Inc's ability to generate more profit from its sales after accounting for the cost of goods sold. This could be due to various factors such as pricing strategies, cost control measures, economies of scale, or improvements in the production process.
Overall, the upward trend in the gross profit margin suggests that Acuity Brands Inc is becoming more profitable and efficient in its core business operations, which could potentially lead to improved financial performance in the future.
Peer comparison
Feb 29, 2024