Helen of Troy Ltd (HELE)
Gross profit margin
| Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 948,660 | 899,351 | 953,187 | 927,302 | 734,466 |
| Revenue | US$ in thousands | 1,951,730 | 2,033,190 | 2,213,270 | 2,085,990 | 1,694,540 |
| Gross profit margin | 48.61% | 44.23% | 43.07% | 44.45% | 43.34% |
February 29, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $948,660K ÷ $1,951,730K
= 48.61%
Helen of Troy Ltd's gross profit margin has shown a positive trend over the past five fiscal years, increasing from 43.34% in February 2020 to 48.61% in February 2024. This indicates that the company has been able to effectively manage its production costs and generate higher revenues relative to the cost of goods sold. The consistent improvement in the gross profit margin reflects efficiency in operations and pricing strategies, potentially leading to enhanced profitability. The upward trajectory of the gross profit margin suggests that Helen of Troy Ltd has successfully maintained or improved its competitive position within its industry.