Greif Bros Corporation (GEF)
Gross profit margin
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,146,100 | 1,285,400 | 1,093,000 | 914,700 | 959,900 |
| Revenue | US$ in thousands | 5,270,000 | 6,333,800 | 5,654,500 | 4,538,400 | 4,583,900 |
| Gross profit margin | 21.75% | 20.29% | 19.33% | 20.15% | 20.94% |
October 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,146,100K ÷ $5,270,000K
= 21.75%
The gross profit margin of Greif Inc has shown a fluctuating trend over the past five years. In the most recent fiscal year ending on October 31, 2023, the gross profit margin increased to 21.96% from 20.24% in the previous year. This improvement indicates an enhanced ability to generate profit from the production and sale of goods, potentially attributed to better cost management or increased pricing power. However, it should be noted that the gross profit margin had experienced a slight decline in the two preceding years, reaching its lowest point at 19.67% in October 31, 2021. Overall, the company's gross profit margin has shown volatility, and further analysis of the underlying factors driving these fluctuations would be beneficial for a comprehensive understanding of the company's financial performance.