Brady Corporation (BRC)
Gross profit margin
| Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 687,884 | 686,709 | 679,373 | 673,730 | 657,275 | 644,571 | 638,906 | 631,828 | 631,552 | 616,025 | 600,846 | 581,006 | 561,446 | 532,303 | 512,983 | 522,588 | 528,565 | 556,639 | 572,861 | 573,544 |
| Revenue (ttm) | US$ in thousands | 1,339,837 | 1,341,711 | 1,338,460 | 1,341,636 | 1,332,094 | 1,310,286 | 1,308,375 | 1,301,168 | 1,300,786 | 1,283,448 | 1,240,729 | 1,188,764 | 1,144,698 | 1,090,312 | 1,060,752 | 1,071,579 | 1,081,299 | 1,124,833 | 1,148,635 | 1,154,396 |
| Gross profit margin | 51.34% | 51.18% | 50.76% | 50.22% | 49.34% | 49.19% | 48.83% | 48.56% | 48.55% | 48.00% | 48.43% | 48.87% | 49.05% | 48.82% | 48.36% | 48.77% | 48.88% | 49.49% | 49.87% | 49.68% |
July 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $687,884K ÷ $1,339,837K
= 51.34%
Over the past 20 quarters, Brady Corporation has shown a fluctuating trend in its gross profit margin. The company's gross profit margin has ranged from a low of 48.00% in April 2022 to a high of 51.34% in July 2024. The average gross profit margin over this period is approximately 49.35%.
The gross profit margin represents the percentage of revenue that exceeds the cost of goods sold, indicating the efficiency of Brady Corporation in managing production costs. The increasing trend in gross profit margin from 48.00% in April 2022 to 51.34% in July 2024 reflects the company's ability to effectively control production costs and potentially improve pricing strategies.
However, there are periods where the gross profit margin experiences fluctuations, such as the decrease from 49.87% in October 2019 to 48.00% in April 2022. These fluctuations may be influenced by various factors, including changes in input costs, pricing strategies, and product mix.
Overall, a higher gross profit margin indicates better profitability for Brady Corporation, as it reflects the company's ability to generate more profit from each sale after covering the cost of goods sold. Monitoring and analyzing the gross profit margin over time can provide insights into the company's operational efficiency and pricing strategies.
Peer comparison
Jul 31, 2024