MarineMax Inc (HZO)
Gross profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 835,329 | 805,754 | 659,433 | 398,713 | 322,832 |
| Revenue | US$ in thousands | 2,394,710 | 2,308,100 | 2,063,260 | 1,509,710 | 1,237,150 |
| Gross profit margin | 34.88% | 34.91% | 31.96% | 26.41% | 26.09% |
September 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $835,329K ÷ $2,394,710K
= 34.88%
Marinemax, Inc.'s gross profit margin has shown a generally positive trend over the past five years. In the most recent fiscal year ending on September 30, 2023, the gross profit margin stood at 34.88%, which is slightly lower than the prior year's margin of 34.91%. However, both of these figures represent a significant improvement compared to the margins of 31.96% and 26.41% in fiscal years 2021 and 2020, respectively. Notably, the gross profit margin has exhibited a steady upward trajectory since fiscal year 2019, when it was 26.09%.
The increase in the gross profit margin indicates that Marinemax, Inc. has been able to more effectively control its production and inventory costs relative to its sales revenue. This positive trend suggests improved efficiency in production and a better ability to pass on cost increases to customers without significantly affecting sales volume. Additionally, it may also indicate the company's success in maintaining competitive pricing while effectively managing costs.
The improvement in Marinemax, Inc.'s gross profit margin over the past few years reflects positively on the company's operational efficiency and management of cost of goods sold. However, it will be important to monitor this metric in the future to ensure that the company can sustain or further improve its gross profit margin amidst potential changes in the cost environment and competitive landscape.
Peer comparison
Sep 30, 2023