Box Inc (BOX)

Gross profit margin

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Gross profit	US$ in thousands	777,129	738,318	624,848	546,032	480,687
Revenue	US$ in thousands	1,040,660	994,397	877,506	773,486	702,138
Gross profit margin		74.68%	74.25%	71.21%	70.59%	68.46%

January 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $777,129K ÷ $1,040,660K
= 74.68%

Box Inc has shown a generally increasing trend in its gross profit margin over the past five years. The gross profit margin has improved from 68.46% in January 2020 to 74.68% in January 2024. This indicates that the company has been able to effectively manage its cost of goods sold and generate a higher margin on its products or services. The consistent improvement in gross profit margin suggests that Box Inc has been successful in controlling its production costs and increasing the efficiency of its operations, which bodes well for its overall profitability.