Commercial Metals Company (CMC)
Gross profit margin
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 581,767 | 493,321 | 641,973 | 761,695 | 876,790 | 1,481,437 | 1,572,205 | 1,571,292 | 1,492,828 | 1,078,434 | 844,020 | 694,547 | 514,761 | 591,415 | 651,432 | 785,344 | 944,798 | 934,050 | 950,350 | 882,773 |
| Revenue (ttm) | US$ in thousands | 7,878,080 | 8,095,050 | 8,364,790 | 8,536,410 | 8,759,370 | 9,226,700 | 9,389,600 | 9,361,170 | 9,117,680 | 8,467,780 | 7,801,570 | 7,252,900 | 6,656,150 | 6,046,880 | 5,534,950 | 5,430,800 | 5,429,840 | 5,563,710 | 5,833,520 | 5,888,080 |
| Gross profit margin | 7.38% | 6.09% | 7.67% | 8.92% | 10.01% | 16.06% | 16.74% | 16.79% | 16.37% | 12.74% | 10.82% | 9.58% | 7.73% | 9.78% | 11.77% | 14.46% | 17.40% | 16.79% | 16.29% | 14.99% |
August 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $581,767K ÷ $7,878,080K
= 7.38%
The gross profit margin of Commercial Metals Company has fluctuated over the past 20 quarters. The gross profit margin ranged from a low of 6.09% in May 2024 to a high of 17.40% in November 2020. The company experienced a gradual decline in the gross profit margin from November 2020 to August 2021, followed by volatility in the range of 7-10% until May 2023.
Starting from May 2023, there was a notable increase in the gross profit margin, peaking at 16.74% in February 2023 before experiencing a slight decline in the subsequent quarter. The margin then reached its highest point of 16.79% in August 2023 before showing a decline trend through the most recent quarter at 7.38% in August 2024.
Overall, the gross profit margin of Commercial Metals Company has shown variability over the analyzed period, possibly influenced by changes in revenue, cost of goods sold, pricing strategies, and operational efficiencies. This pattern could indicate the company's ability to manage its production costs and generate profits from its core operations.
Peer comparison
Aug 31, 2024