Emerson Electric Company (EMR)
Gross profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 7,427,000 | 6,306,000 | 7,563,000 | 7,009,000 | 7,815,000 |
| Revenue | US$ in thousands | 15,115,000 | 19,622,000 | 18,267,000 | 16,785,000 | 18,372,000 |
| Gross profit margin | 49.14% | 32.14% | 41.40% | 41.76% | 42.54% |
September 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $7,427,000K ÷ $15,115,000K
= 49.14%
The gross profit margin of Emerson Electric Co. has shown a notable improvement over the past five years. The margin increased to 48.97% in September 2023 from 41.71% in September 2022. This represents a substantial rise compared to the margins in the previous three years. The upward trend in gross profit margin indicates that the company has been able to effectively control its cost of goods sold or increase the selling price of its products. This may reflect improved operational efficiency or pricing power in the marketplace. The company's ability to sustain and increase its gross profit margin suggests positive developments in its overall financial performance.
Peer comparison
Sep 30, 2023