Aspen Technology Inc (AZPN)
Gross profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | ||
|---|---|---|---|---|
| Gross profit | US$ in thousands | 744,906 | 670,589 | 282,395 |
| Revenue | US$ in thousands | 1,127,480 | 1,044,180 | 482,311 |
| Gross profit margin | 66.07% | 64.22% | 58.55% |
June 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $744,906K ÷ $1,127,480K
= 66.07%
Aspen Technology Inc's gross profit margin has been showing a positive trend over the past three years. From June 30, 2022, to June 30, 2024, the gross profit margin increased from 58.55% to 66.07%. This improvement indicates that the company has been effectively managing its production costs and generating a higher percentage of revenue as gross profit. The rising trend in the gross profit margin reflects a potentially stronger pricing strategy, better cost control, or improved operational efficiency within Aspen Technology Inc. Overall, the consistent increase in the gross profit margin suggests positive financial health and performance for the company.
Peer comparison
Jun 30, 2024