Box Inc (BOX)

Gross profit margin

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Gross profit (ttm)	US$ in thousands	777,129	772,434	765,585	752,342	738,318	711,537	687,051	659,577	624,848	596,483	574,699	557,960	546,032	532,582	514,245	495,963	480,687	470,337	460,703	447,643
Revenue (ttm)	US$ in thousands	1,040,660	1,034,032	1,022,661	1,007,585	994,399	970,516	944,382	913,066	877,507	844,717	816,408	793,107	773,486	759,422	740,713	721,926	700,057	682,054	660,627	636,568
Gross profit margin		74.68%	74.70%	74.86%	74.67%	74.25%	73.32%	72.75%	72.24%	71.21%	70.61%	70.39%	70.35%	70.59%	70.13%	69.43%	68.70%	68.66%	68.96%	69.74%	70.32%

January 31, 2024 calculation

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

The gross profit margin of Box Inc has exhibited a generally positive trend over the past few quarters, indicating an improvement in the company's ability to generate profits from its core operations. The margin has consistently been above 70%, which suggests that Box has been effectively controlling its cost of goods sold and efficiently managing its production and distribution expenses.

The slight fluctuations in the gross profit margin from quarter to quarter are relatively minor, reflecting stability in the company's pricing strategy and cost structure. The overall increasing trend in the margin points towards Box's ability to maintain or enhance its pricing power, optimize production processes, or negotiate better terms with suppliers.

Investors and stakeholders may view the consistent improvement in the gross profit margin positively, as it indicates a healthy and sustainable business model. The company's ability to sustain a high gross profit margin over time may also be indicative of its competitive position in the industry and its capability to deliver value to customers while managing costs effectively.