Hillenbrand Inc (HI)
Gross profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 948,200 | 763,800 | 732,300 | 813,300 | 623,000 |
| Revenue | US$ in thousands | 2,826,000 | 2,315,300 | 2,241,400 | 2,517,000 | 1,807,300 |
| Gross profit margin | 33.55% | 32.99% | 32.67% | 32.31% | 34.47% |
September 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $948,200K ÷ $2,826,000K
= 33.55%
The gross profit margin of Hillenbrand Inc has shown some fluctuations over the past five years. In the most recent fiscal year ending September 30, 2023, the gross profit margin improved to 33.55%, compared to 32.46% in the previous year. This indicates that the company was able to generate a higher percentage of gross profit from its revenue.
The increase in the gross profit margin suggests that the company has effectively managed its cost of goods sold and/or has been able to command higher prices for its products. This could be attributed to factors such as operational efficiencies, pricing strategies, or effective supply chain management.
Comparing the gross profit margin to previous years, it is evident that Hillenbrand Inc has experienced some variability in its ability to generate gross profit from its revenue. This may reflect the impact of changing market conditions, fluctuations in input costs, or shifts in the company's product mix.
Overall, the improvement in the gross profit margin in the most recent fiscal year reflects positively on the company's ability to effectively manage its production costs and pricing strategies, potentially contributing to its overall financial performance.
Peer comparison
Sep 30, 2023