Hewlett Packard Enterprise Co (HPE)
Gross profit margin
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 22,940,000 | 21,817,000 | 22,081,000 | 20,540,000 | 22,693,000 |
| Revenue | US$ in thousands | 29,135,000 | 28,496,000 | 27,784,000 | 26,982,000 | 29,135,000 |
| Gross profit margin | 78.74% | 76.56% | 79.47% | 76.12% | 77.89% |
October 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $22,940,000K ÷ $29,135,000K
= 78.74%
Hewlett Packard Enterprise Co's gross profit margin has shown an improving trend over the past five years, with a notable increase from 32.39% in 2020 to 36.46% in 2023. This indicates that the company has been able to effectively manage its production and operational costs in relation to its revenue. The 2023 gross profit margin of 36.46% suggests that for every dollar of revenue, the company retains approximately 36.46 cents after accounting for the cost of goods sold. This improvement in the gross profit margin reflects positively on the company's ability to generate revenue while controlling its production and operational expenses.
Peer comparison
Oct 31, 2023