Lindsay Corporation (LNN)
Gross profit margin
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 191,055 | 213,015 | 199,178 | 150,205 | 152,543 |
| Revenue | US$ in thousands | 607,074 | 674,084 | 770,743 | 567,646 | 474,692 |
| Gross profit margin | 31.47% | 31.60% | 25.84% | 26.46% | 32.14% |
August 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $191,055K ÷ $607,074K
= 31.47%
The gross profit margin for Lindsay Corporation has displayed fluctuations over the past five years. In 2024, the gross profit margin was 31.47%, slightly lower than the previous year's figure of 31.60%. This indicates a marginal decrease in the percentage of revenue retained after accounting for the costs of goods sold.
Comparing these recent figures to those of the two preceding years, there was a notable increase in gross profit margin from 2022 to 2023, rising from 25.84% to 31.60%. However, the margins for 2021 and 2020 were slightly higher at 26.46% and 32.14%, respectively. This suggests some volatility in the company's ability to generate profits from its core operational activities, potentially influenced by factors such as cost management, pricing strategies, or changes in the competitive landscape.
Overall, while the current gross profit margin remains relatively stable compared to the previous year, further analysis of the company's cost structure and revenue generation would be necessary to fully understand the underlying factors driving these fluctuations in profitability over the past five years.
Peer comparison
Aug 31, 2024