Calavo Growers Inc (CVGW)
Gross profit margin
| 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 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 67,992 | 68,609 | 73,508 | 66,997 | 73,701 | 73,844 | 62,602 | 51,955 | 52,814 | 57,425 | 69,486 | 92,454 | 91,929 | 89,898 | 93,351 | 98,291 | 113,053 | 128,082 | 125,716 | 123,011 |
| Revenue (ttm) | US$ in thousands | 868,955 | 967,561 | 976,896 | 1,056,974 | 1,142,970 | 1,189,047 | 1,219,347 | 1,163,641 | 1,108,513 | 1,056,752 | 1,018,153 | 967,811 | 969,733 | 1,022,484 | 1,080,072 | 1,204,139 | 1,213,831 | 1,197,400 | 1,185,276 | 1,122,381 |
| Gross profit margin | 7.82% | 7.09% | 7.52% | 6.34% | 6.45% | 6.21% | 5.13% | 4.46% | 4.76% | 5.43% | 6.82% | 9.55% | 9.48% | 8.79% | 8.64% | 8.16% | 9.31% | 10.70% | 10.61% | 10.96% |
January 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $67,992K ÷ $868,955K
= 7.82%
The gross profit margin of Calavo Growers Inc has shown fluctuations over the past few years. The margin has ranged from a low of 4.46% in April 2022 to a high of 10.96% in April 2019. The trend indicates that the margin has generally decreased over the most recent quarters, with the latest figure of 7.82% for January 2024 being an improvement from the previous quarter.
A gross profit margin reflects a company's ability to generate revenue after accounting for the cost of goods sold. A higher gross profit margin indicates that the company is effectively managing its production costs relative to its revenue. In contrast, a lower margin may suggest challenges in controlling production costs or pricing strategies.
It is important for investors and stakeholders to monitor changes in the gross profit margin as it can provide insights into the company's operational efficiency and pricing strategies. The fluctuations in Calavo Growers Inc's margins suggest varying levels of cost management and revenue generation efficiency over the analyzed period.