Cardinal Health Inc (CAH)
Gross profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 7,414,000 | 6,874,000 | 6,545,000 | 6,778,000 | 6,868,000 |
| Revenue | US$ in thousands | 226,827,000 | 204,979,000 | 181,364,000 | 162,467,000 | 152,922,000 |
| Gross profit margin | 3.27% | 3.35% | 3.61% | 4.17% | 4.49% |
June 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $7,414,000K ÷ $226,827,000K
= 3.27%
The gross profit margin of Cardinal Health Inc has exhibited a declining trend over the past five years, with values of 3.27% in 2024, 3.35% in 2023, 3.61% in 2022, 4.17% in 2021, and 4.49% in 2020. This indicates a decrease in the percentage of revenue retained after accounting for the cost of goods sold. The declining trend may suggest challenges in managing costs and maintaining profitability in a competitive environment or potential pricing pressures. Further analysis and investigation into the company's cost structure, pricing strategies, and operational efficiency are warranted to address the decreasing trend in gross profit margin.
Peer comparison
Jun 30, 2024