H B Fuller Company (FUL)
Gross profit margin
| Dec 2, 2023 | Dec 3, 2022 | Nov 27, 2021 | Nov 28, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,008,900 | 963,699 | 845,322 | 756,649 | 806,922 |
| Revenue | US$ in thousands | 3,510,930 | 3,749,180 | 3,278,030 | 2,790,270 | 2,897,000 |
| Gross profit margin | 28.74% | 25.70% | 25.79% | 27.12% | 27.85% |
December 2, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,008,900K ÷ $3,510,930K
= 28.74%
The gross profit margin of H.B. Fuller Company has demonstrated fluctuations over the past five years. In December 2023, the gross profit margin increased to 28.74% from 25.70% in the previous year. However, this measure was lower compared to 27.12% in November 2020 and 27.85% in November 2019. The variability in the gross profit margin indicates changes in the company's cost of goods sold and revenue generation, which may be attributed to factors such as pricing strategies, production efficiency, and input costs. Further analysis of the company's operating expenses and sales performance would provide valuable insights into the drivers behind these fluctuations.