Helen of Troy Ltd (HELE)
Gross profit margin
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 948,660 | 919,123 | 912,018 | 903,811 | 899,351 | 937,467 | 954,624 | 943,766 | 953,187 | 935,351 | 948,845 | 968,593 | 927,302 | 889,579 | 812,225 | 760,040 | 734,466 | 699,381 | 671,253 | 648,275 |
| Revenue (ttm) | US$ in thousands | 1,951,649 | 1,945,114 | 1,954,029 | 1,988,120 | 2,032,319 | 2,141,123 | 2,217,356 | 2,177,293 | 2,210,480 | 2,138,035 | 2,151,168 | 2,207,303 | 2,086,058 | 2,022,215 | 1,859,374 | 1,742,097 | 1,698,141 | 1,640,619 | 1,596,759 | 1,576,773 |
| Gross profit margin | 48.61% | 47.25% | 46.67% | 45.46% | 44.25% | 43.78% | 43.05% | 43.35% | 43.12% | 43.75% | 44.11% | 43.88% | 44.45% | 43.99% | 43.68% | 43.63% | 43.25% | 42.63% | 42.04% | 41.11% |
February 29, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $948,660K ÷ $1,951,649K
= 48.61%
Helen of Troy Ltd has exhibited a generally positive trend in its gross profit margin over the past few quarters. The gross profit margin, which represents the percentage of revenue that exceeds the cost of goods sold, has shown a consistent increase from 41.11% in May 2019 to 48.61% in February 2024.
This improvement in gross profit margin indicates that the company has been able to effectively manage its production costs and pricing strategies, resulting in a higher level of profitability per dollar of sales. The gradual growth in gross profit margin suggests that Helen of Troy Ltd has been successful in optimizing its operational efficiency and maximizing its revenue potential.
Overall, the upward trajectory in gross profit margin reflects positively on the company's ability to generate value from its core operations and indicates a favorable financial performance in terms of cost control and profit generation.