HP Inc (HPQ)
Gross profit margin
| 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 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 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 | 11,170,000 | 10,943,000 | 10,726,000 |
| Revenue (ttm) | US$ in thousands | 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 | 58,756,000 | 58,715,000 | 58,698,000 |
| Gross profit margin | 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% | 19.01% | 18.64% | 18.27% |
January 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $11,609,000K ÷ $53,105,000K
= 21.86%
The gross profit margin of HP Inc has shown fluctuating levels over the past eight financial quarters. In Q1 2024, the gross profit margin stood at 21.83%, marking a slight increase from the previous quarter's 21.42% in Q4 2023. This upward trend was preceded by a gradual decrease in the margin from Q2 2023 to Q4 2023. However, it is worth noting that the gross profit margin has generally been on an upward trajectory since Q2 2022, where it stood at 19.86%.
These fluctuations suggest that HP Inc has been managing its cost of goods sold and pricing strategies effectively to generate a reasonable level of profitability from its sales. The recent increase in gross profit margin indicates potential improvements in production efficiency or pricing strategies. Continued monitoring of the gross profit margin will be essential to evaluate HP Inc's operational performance and profitability in the future.
Peer comparison
Jan 31, 2024