Bill Com Holdings Inc (BILL)

Gross profit margin

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Gross profit	US$ in thousands	1,055,560	864,491	496,955	176,459	118,456
Revenue	US$ in thousands	1,337,410	1,043,850	633,252	210,162	157,371
Gross profit margin		78.93%	82.82%	78.48%	83.96%	75.27%

June 30, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,055,560K ÷ $1,337,410K
= 78.93%

The gross profit margin of Bill Com Holdings Inc has demonstrated fluctuations over the last five years, ranging from 75.27% as of June 30, 2020, to 78.93% as of June 30, 2024. The company experienced a notable increase in gross profit margin from 75.27% in 2020 to 83.96% in 2021, indicating improved efficiency in generating revenue after accounting for the cost of goods sold.

However, there was a slight decline in the gross profit margin to 78.48% in 2022, followed by a rebound to 82.82% in 2023, suggesting potential cost management initiatives or shifts in the sales mix during these periods. In the most recent year, the gross profit margin decreased to 78.93%, indicating a possible increase in the cost of goods sold relative to revenue.

Overall, despite the fluctuations, Bill Com Holdings Inc has maintained relatively healthy gross profit margins over the years, implying effective management of production costs and pricing strategies to generate profits. Monitoring trends in the gross profit margin can provide insights into the company's operational efficiency and competitiveness in the market.