H B Fuller Company (FUL)
Gross profit margin
| Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,033,326 | 1,008,898 | 983,178 | 968,870 | 965,616 | 963,700 | 957,037 | 901,823 | 865,852 | 845,323 | 817,506 | 811,400 | 778,751 | 756,649 | 744,224 | 763,701 | 797,259 | 806,922 | 813,134 | 820,843 |
| Revenue (ttm) | US$ in thousands | 3,512,171 | 3,510,935 | 3,566,270 | 3,606,866 | 3,701,885 | 3,749,184 | 3,688,394 | 3,573,994 | 3,408,609 | 3,278,031 | 3,158,247 | 3,022,880 | 2,869,609 | 2,790,269 | 2,751,735 | 2,785,648 | 2,870,629 | 2,897,000 | 2,926,323 | 2,971,054 |
| Gross profit margin | 29.42% | 28.74% | 27.57% | 26.86% | 26.08% | 25.70% | 25.95% | 25.23% | 25.40% | 25.79% | 25.88% | 26.84% | 27.14% | 27.12% | 27.05% | 27.42% | 27.77% | 27.85% | 27.79% | 27.63% |
March 2, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,033,326K ÷ $3,512,171K
= 29.42%
The gross profit margin of H B Fuller Company has shown a generally increasing trend over the past few quarters, indicating an improving operational efficiency in generating profit from sales. In the most recent quarter, the gross profit margin stood at 29.42%, reflecting a healthy level of profitability. The company has been able to effectively manage its cost of goods sold relative to its revenue, resulting in a higher percentage of sales remaining as gross profit.
The upward trajectory in the gross profit margin suggests H B Fuller Company's ability to control production and inventory costs, negotiate favorable pricing with suppliers, and maintain pricing power over its customers. This trend indicates a positive financial performance for the company and may lead to improved overall profitability.
However, it is important to continue monitoring the gross profit margin in future periods to ensure sustained and consistent profitability levels. Factors such as changes in input costs, competitive pressures, or shifts in consumer demand could impact the company's ability to maintain or improve its gross profit margin over time.