Salesforce.com Inc (CRM)
Gross profit margin
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 26,316,000 | 22,992,000 | 19,466,000 | 15,814,000 | 12,863,000 |
| Revenue | US$ in thousands | 34,869,000 | 31,213,000 | 28,164,000 | 22,027,000 | 17,321,000 |
| Gross profit margin | 75.47% | 73.66% | 69.12% | 71.79% | 74.26% |
January 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $26,316,000K ÷ $34,869,000K
= 75.47%
The gross profit margin of Salesforce Inc has shown a fluctuating trend over the past five years. In the most recent fiscal year ending January 31, 2024, the gross profit margin increased to 75.50% from 73.34% in the previous year. This improvement indicates that Salesforce Inc was able to effectively control its cost of goods sold relative to its revenue, resulting in a higher proportion of revenue retained as gross profit.
However, it is worth noting that the gross profit margin was slightly lower in the fiscal year ending January 31, 2023, at 73.34%, compared to the two previous years where it was around 73.48% to 75.23%. This suggests that there may have been fluctuations in revenue or cost of goods sold during that period.
Overall, Salesforce Inc has generally maintained a healthy gross profit margin above 70% in the past five years, which is a positive indication of the company's ability to generate profits from its core business operations after accounting for direct costs.
Peer comparison
Jan 31, 2024