Enersys (ENS)
Gross profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 982,891 | 840,819 | 750,000 | 739,100 | 784,798 |
| Revenue | US$ in thousands | 3,581,870 | 3,708,580 | 3,357,300 | 2,977,900 | 3,087,800 |
| Gross profit margin | 27.44% | 22.67% | 22.34% | 24.82% | 25.42% |
March 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $982,891K ÷ $3,581,870K
= 27.44%
Enersys' gross profit margin has shown fluctuation over the past five years. The company's gross profit margin was 27.79% as of March 31, 2024, representing an increase from the prior year's margin of 23.02%. This improvement indicates that Enersys was able to generate more gross profit relative to its revenue in 2024 compared to 2023.
Looking further back, the gross profit margin was 22.54% in 2022 and 25.17% in 2021. These figures suggest some variability in Enersys' ability to control its production costs and maintain profitability during those years.
Notably, there was a significant anomaly in 2020 where the gross profit margin was reported at 363.15%, which is likely an irregularity or error in the data rather than an accurate reflection of the company's performance.
In summary, Enersys' gross profit margin has shown some volatility in recent years, with the most recent data indicating an improvement in profitability compared to the prior year. Monitoring this ratio over time can provide insights into the company's operational efficiency and pricing strategies.
Peer comparison
Mar 31, 2024