Hawkins Inc (HWKN)
Gross profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 193,636 | 165,119 | 146,520 | 123,762 | 100,917 |
| Revenue | US$ in thousands | 919,162 | 935,098 | 774,541 | 596,871 | 540,198 |
| Gross profit margin | 21.07% | 17.66% | 18.92% | 20.74% | 18.68% |
March 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $193,636K ÷ $919,162K
= 21.07%
The gross profit margin of Hawkins Inc has exhibited fluctuations over the past five years. It increased from 18.68% in 2020 to 20.74% in 2021, before experiencing a slight decline to 18.92% in 2022. Subsequently, there was a notable increase to 17.66% in 2023. However, the gross profit margin rebounded significantly to 21.07% in 2024, marking a reversal in the downward trend observed in the previous year. This improvement suggests a potentially enhanced ability to generate profit from sales after accounting for the cost of goods sold.
Peer comparison
Mar 31, 2024
Company name
Symbol
Gross profit margin
Hawkins Inc
HWKN
21.07%
Ashland Global Holdings Inc
ASH
30.49%