Greif Bros Corporation (GEF)
Gross profit margin
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,116,100 | 1,146,100 | 1,180,500 | 1,220,400 | 1,247,300 | 1,285,400 | 1,271,400 | 1,243,300 | 1,170,500 | 1,093,000 | 1,028,600 | 929,500 | 904,300 | 914,700 | 942,000 | 1,001,700 | 1,009,700 | 959,900 | 905,700 | 843,400 |
| Revenue (ttm) | US$ in thousands | 5,149,200 | 5,273,800 | 5,465,400 | 5,766,100 | 6,085,200 | 6,322,000 | 6,413,400 | 6,278,700 | 5,977,000 | 5,559,600 | 5,156,700 | 4,746,200 | 4,565,300 | 4,532,800 | 4,593,500 | 4,764,000 | 4,800,700 | 4,585,700 | 4,334,200 | 4,093,900 |
| Gross profit margin | 21.68% | 21.73% | 21.60% | 21.17% | 20.50% | 20.33% | 19.82% | 19.80% | 19.58% | 19.66% | 19.95% | 19.58% | 19.81% | 20.18% | 20.51% | 21.03% | 21.03% | 20.93% | 20.90% | 20.60% |
January 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,116,100K ÷ $5,149,200K
= 21.68%
The gross profit margin of Greif Inc has shown a generally increasing trend over the past eight quarters, indicating an improvement in the company's ability to generate profits from its core business operations. The margin increased from 19.73% in Q2 2022 to 21.66% in Q1 2024, reaching its highest point in the most recent quarter. This improvement suggests that Greif has been effectively managing its production costs and pricing strategies to enhance profitability. Overall, the rising trend in the gross profit margin reflects positively on the company's operational efficiency and potential for sustained profitability in the future.