Carpenter Technology Corporation (CRS)

Gross profit margin

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Gross profit	US$ in thousands	584,300	337,300	149,800	1,000	329,400
Revenue	US$ in thousands	2,756,100	2,495,100	1,783,200	1,431,400	2,164,000
Gross profit margin		21.20%	13.52%	8.40%	0.07%	15.22%

June 30, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $584,300K ÷ $2,756,100K
= 21.20%

The gross profit margin of Carpenter Technology Corporation has exhibited fluctuating trends over the past five years. In June 2020, the company reported a gross profit margin of 15.22%, which increased substantially to 21.20% in June 2024. This indicates an improvement in the company's ability to generate profit from its core operations and manage its production costs effectively.

The significant increase in the gross profit margin from 2020 to 2024 suggests that Carpenter Technology Corporation has enhanced its operational efficiency and pricing strategies, resulting in higher profitability. The company's strong performance in 2024 reflects a positive trend in managing its cost of goods sold relative to its revenue.

The improvement in the gross profit margin over the years indicates that Carpenter Technology Corporation has been successful in optimizing its production processes, controlling its direct costs, and potentially increasing the prices of its products. This positive trend in gross profit margin is a favorable indicator of the company's financial performance and operational effectiveness in recent years.