HP Inc (HPQ)
Gross profit margin
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 11,818,000 | 11,802,000 | 11,718,000 | 11,609,000 | 11,508,000 | 11,214,000 | 11,276,000 | 11,659,000 | 12,263,000 | 12,827,000 | 13,331,000 | 13,474,000 | 13,407,000 | 12,831,000 | 11,836,000 | 10,889,000 | 10,437,000 | 10,682,000 | 11,194,000 | 11,430,000 |
| Revenue (ttm) | US$ in thousands | 53,559,000 | 53,321,000 | 52,998,000 | 53,105,000 | 53,718,000 | 54,675,000 | 56,127,000 | 59,695,000 | 62,910,000 | 64,784,000 | 65,425,000 | 64,827,000 | 63,460,000 | 62,070,000 | 61,075,000 | 57,667,000 | 56,639,000 | 56,788,000 | 57,097,000 | 58,664,000 |
| Gross profit margin | 22.07% | 22.13% | 22.11% | 21.86% | 21.42% | 20.51% | 20.09% | 19.53% | 19.49% | 19.80% | 20.38% | 20.78% | 21.13% | 20.67% | 19.38% | 18.88% | 18.43% | 18.81% | 19.61% | 19.48% |
October 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $11,818,000K ÷ $53,559,000K
= 22.07%
HP Inc's gross profit margin has shown a slightly increasing trend over the past few quarters, with the margin ranging between 18.43% to 22.13%. The gross profit margin measures the efficiency of the company in generating profits from its revenue after accounting for the cost of goods sold.
The higher gross profit margin indicates that HP Inc is effectively managing its production costs and pricing strategies. A rising trend in the gross profit margin could suggest improvements in manufacturing efficiency, better vendor negotiations, or successful pricing strategies.
However, the margin fluctuates slightly, which may reflect changes in costs of production, pricing pressures, or changes in sales mix. Overall, HP Inc's gross profit margin appears stable and relatively healthy, demonstrating the company's ability to generate profits from its core operations.
Peer comparison
Oct 31, 2024