MarineMax Inc (HZO)
Gross profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 801,196 | 835,329 | 805,754 | 659,433 | 398,713 |
| Revenue | US$ in thousands | 2,431,010 | 2,394,710 | 2,308,100 | 2,063,260 | 1,509,710 |
| Gross profit margin | 32.96% | 34.88% | 34.91% | 31.96% | 26.41% |
September 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $801,196K ÷ $2,431,010K
= 32.96%
MarineMax Inc's gross profit margin has shown variability over the past five years, ranging from 26.41% in 2020 to 34.91% in 2022. In 2024, the gross profit margin was 32.96%, showing a slight decrease from the previous year. This metric indicates the company's ability to generate profit from its sales after accounting for the cost of goods sold. The trend in the gross profit margin suggests fluctuations in the company's pricing strategy, cost management, and efficiency in production and inventory management. A higher gross profit margin typically indicates better profitability and cost control, while a lower margin may signal pricing pressures or higher production costs. MarineMax Inc should continue to monitor and analyze its gross profit margin to ensure sustainable and profitable operations.
Peer comparison
Sep 30, 2024