Eagle Materials Inc (EXP)
Gross profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 685,321 | 639,266 | 519,614 | 408,355 | 342,666 |
| Revenue | US$ in thousands | 2,217,040 | 2,112,900 | 1,824,550 | 1,691,400 | 1,412,390 |
| Gross profit margin | 30.91% | 30.26% | 28.48% | 24.14% | 24.26% |
March 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $685,321K ÷ $2,217,040K
= 30.91%
The gross profit margin of Eagle Materials Inc has shown a generally increasing trend from 24.26% in March 2020 to 30.91% in March 2024. This indicates that the company has been able to effectively manage its cost of goods sold relative to its revenue over the past five years. A rising gross profit margin is a positive signal as it suggests improved efficiency in production or pricing strategies, leading to higher profitability per unit of sales. Overall, Eagle Materials Inc's increasing gross profit margin reflects a positive trend in the company's operating efficiency and profitability.