The Hain Celestial Group Inc (HAIN)
Gross profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 380,832 | 396,414 | 427,441 | 491,615 | 465,770 |
| Revenue | US$ in thousands | 1,678,400 | 1,755,310 | 1,900,380 | 1,977,810 | 2,053,900 |
| Gross profit margin | 22.69% | 22.58% | 22.49% | 24.86% | 22.68% |
June 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $380,832K ÷ $1,678,400K
= 22.69%
The gross profit margin of The Hain Celestial Group Inc has exhibited relatively stable performance over the past five years, with a slight fluctuation within a narrow range. The margin has ranged from 22.49% to 24.86% during this period, reflecting the company's ability to effectively manage its direct costs related to production and distribution.
The decrease in gross profit margin observed in 2022 compared to the previous year may indicate potential challenges in managing production costs or pricing strategies. However, the margin rebounded in 2023, suggesting the company may have taken corrective actions to improve efficiency and profitability.
Overall, The Hain Celestial Group Inc's gross profit margin trend indicates a consistent focus on cost control and operational efficiency, which are essential for sustaining profitability in the competitive consumer goods industry. Further analysis of the company's cost structure and pricing strategies may provide deeper insights into the factors driving the fluctuations in the gross profit margin.
Peer comparison
Jun 30, 2024