Haynes International Inc (HAYN)
Gross profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 109,760 | 106,333 | 39,730 | 44,632 | 65,503 |
| Revenue | US$ in thousands | 581,578 | 487,791 | 336,228 | 379,029 | 488,561 |
| Gross profit margin | 18.87% | 21.80% | 11.82% | 11.78% | 13.41% |
September 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $109,760K ÷ $581,578K
= 18.87%
The gross profit margin of Haynes International Inc. has fluctuated over the last five years. In 2023, the gross profit margin decreased to 18.60% from 21.68% in 2022, indicating a decline in the percentage of revenue retained after accounting for the cost of goods sold. This reduction could be attributed to factors such as changes in the pricing of products, cost of raw materials, or efficiency in production processes. Comparing to 2021 and 2020, the gross profit margin showed an improvement in 2023. Overall, the trend in the gross profit margin suggests fluctuations in the company's ability to generate profit from its core operations over the years. Further analysis of the underlying reasons for these fluctuations would provide valuable insights into the company's performance.
Peer comparison
Sep 30, 2023