Lindsay Corporation (LNN)
Gross profit margin
| Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 191,055 | 197,872 | 204,596 | 209,900 | 213,015 | 217,616 | 226,075 | 214,761 | 199,179 | 175,629 | 158,005 | 156,235 | 150,205 | 162,005 | 157,645 | 149,877 | 152,543 | 138,663 | 128,966 | 120,034 |
| Revenue (ttm) | US$ in thousands | 607,074 | 619,207 | 644,561 | 659,283 | 674,084 | 697,149 | 746,855 | 780,751 | 770,744 | 734,196 | 681,873 | 625,313 | 567,646 | 542,403 | 503,573 | 473,784 | 474,692 | 448,172 | 446,120 | 441,514 |
| Gross profit margin | 31.47% | 31.96% | 31.74% | 31.84% | 31.60% | 31.22% | 30.27% | 27.51% | 25.84% | 23.92% | 23.17% | 24.99% | 26.46% | 29.87% | 31.31% | 31.63% | 32.14% | 30.94% | 28.91% | 27.19% |
August 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $191,055K ÷ $607,074K
= 31.47%
Lindsay Corporation's gross profit margin has shown a generally stable trend over the past few years, with fluctuations within a narrow range. The margin has ranged from a low of 23.17% in February 2022 to a high of 32.14% in November 2020. The company's gross profit margin has been on an upward trajectory since November 2022, indicating improvements in the efficiency of production and cost management. However, the margin decrease in the latest reported period of August 2024 to 31.47% could signify potential challenges such as increasing production costs or pricing pressures. Overall, Lindsay Corporation's gross profit margin performance suggests a consistent focus on managing production costs and optimizing revenue generation.
Peer comparison
Aug 31, 2024