Donaldson Company Inc (DCI)
Gross profit margin
| Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,274,400 | 1,239,700 | 1,198,400 | 1,174,200 | 1,160,500 | 1,152,000 | 1,132,200 | 1,097,600 | 1,067,400 | 1,041,500 | 1,030,500 | 1,006,000 | 971,700 | 913,900 | 865,100 | 863,000 | 871,600 | 907,500 | 939,000 | 941,200 |
| Revenue (ttm) | US$ in thousands | 3,586,300 | 3,530,400 | 3,478,200 | 3,429,800 | 3,430,800 | 3,441,300 | 3,418,800 | 3,393,000 | 3,306,600 | 3,183,700 | 3,092,300 | 2,965,600 | 2,837,800 | 2,688,100 | 2,551,600 | 2,533,300 | 2,568,200 | 2,677,700 | 2,765,200 | 2,811,400 |
| Gross profit margin | 35.54% | 35.12% | 34.45% | 34.24% | 33.83% | 33.48% | 33.12% | 32.35% | 32.28% | 32.71% | 33.32% | 33.92% | 34.24% | 34.00% | 33.90% | 34.07% | 33.94% | 33.89% | 33.96% | 33.48% |
July 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,274,400K ÷ $3,586,300K
= 35.54%
The gross profit margin of Donaldson Company Inc has shown a consistent upward trend over the past 20 quarters, with fluctuations within a relatively narrow range. The margin has improved from 33.48% in Q1 2020 to 35.54% in Q2 2024. This indicates that the company has been effectively managing its production and operational costs to increase the proportion of revenue retained after accounting for direct production expenses. The steady improvement in gross profit margin suggests that Donaldson Company Inc is efficiently controlling its cost of goods sold and generating more profit from its core business activities over time.