Lindsay Corporation (LNN)
Gross profit margin
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 213,015 | 199,178 | 150,205 | 152,543 | 114,608 |
| Revenue | US$ in thousands | 674,084 | 770,743 | 567,646 | 474,692 | 444,072 |
| Gross profit margin | 31.60% | 25.84% | 26.46% | 32.14% | 25.81% |
August 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $213,015K ÷ $674,084K
= 31.60%
The gross profit margin of Lindsay Corporation has shown some fluctuations over the past five years. In 2023, the gross profit margin increased to 31.60% from 25.84% in 2022, indicating a significant improvement in the company's ability to generate profit from its core business activities. This may be attributed to factors such as effective cost management, pricing strategies, or changes in the sales mix.
Comparing the data to the previous years, there was a decrease in the gross profit margin in 2022 compared to 2021, but it rebounded in 2023. However, in 2021, there was a slight decrease from the 2020 gross profit margin, which had been relatively higher at 32.14%. The fluctuation in the gross profit margin over the years may suggest varying levels of efficiency in production and cost control, which could impact the company's overall profitability.
It is important for investors and stakeholders to closely monitor these fluctuations and understand the underlying reasons to assess the company's operational performance and potential future profitability.
Peer comparison
Aug 31, 2023