Flex Ltd (FLEX)
Gross profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,865,000 | 1,976,000 | 1,932,000 | 1,687,000 | 1,339,000 |
| Revenue | US$ in thousands | 26,184,000 | 30,152,000 | 25,920,000 | 23,995,000 | 24,212,300 |
| Gross profit margin | 7.12% | 6.55% | 7.45% | 7.03% | 5.53% |
March 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,865,000K ÷ $26,184,000K
= 7.12%
Flex Ltd's gross profit margin has experienced fluctuations over the past five years, ranging from 5.53% in March 2020 to 7.45% in March 2022. The margin decreased slightly to 7.03% in March 2021 before rising to 6.55% in March 2023 and further to 7.12% in March 2024. This indicates that the company's ability to generate profit from its core operations has been somewhat inconsistent, with periods of improvement followed by slight declines. It is essential for Flex Ltd to closely monitor its cost of goods sold and revenue generation strategies to maintain or enhance its gross profit margin in the future.
Peer comparison
Mar 31, 2024