Jabil Circuit Inc (JBL)

Gross profit margin

		Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019	May 31, 2019
Gross profit (ttm)	US$ in thousands	2,868,000	2,899,000	2,867,000	2,830,000	2,752,000	2,700,000	2,632,000	2,490,000	2,439,000	2,399,000	2,359,000	2,262,888	2,151,036	2,012,161	1,931,000	1,934,789	1,922,440	1,947,189	1,913,000	1,860,470
Revenue (ttm)	US$ in thousands	32,864,000	33,262,000	34,496,000	35,012,000	34,905,000	34,363,000	33,323,000	31,701,450	30,597,290	29,874,810	29,140,990	29,008,250	28,121,180	27,402,560	27,063,170	26,546,240	26,337,560	26,279,490	25,282,320	24,451,590
Gross profit margin		8.73%	8.72%	8.31%	8.08%	7.88%	7.86%	7.90%	7.85%	7.97%	8.03%	8.10%	7.80%	7.65%	7.34%	7.14%	7.29%	7.30%	7.41%	7.57%	7.61%

February 29, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,868,000K ÷ $32,864,000K
= 8.73%

The gross profit margin of Jabil Circuit Inc has shown some fluctuations over the past few quarters. From Nov 30, 2019 to Feb 29, 2020, the gross profit margin was relatively stable around 7.30% to 7.57%. However, there was a notable increase in the margin from May 31, 2020 to Aug 31, 2022, where it ranged between 7.14% to 7.90%.

Subsequently, there was a slight decrease in the gross profit margin from Aug 31, 2022 to Feb 29, 2024, with the margin fluctuating between 7.85% to 8.73%. Overall, the trend in the gross profit margin reflects some variability, but it has generally shown some improvement compared to the earlier periods. It is important for stakeholders to monitor this metric closely for any ongoing trends or patterns.