Lindsay Corporation (LNN)
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 | 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 | 114,608 | 115,392 |
| Revenue (ttm) | US$ in thousands | 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 | 444,072 | 465,456 |
| Gross profit margin | 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% | 25.81% | 24.79% |
February 29, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $204,596K ÷ $644,561K
= 31.74%
The gross profit margin of Lindsay Corporation has exhibited fluctuations over the past few quarters. From February 2019 to February 2024, the gross profit margin has ranged from 24.79% to 31.84%. There appears to be a general increasing trend from August 2019 to August 2022, with the gross profit margin rising from 25.81% to 31.63%. However, there was a slight decline in the subsequent quarters until May 2023, where the gross profit margin dipped to 30.27%.
Although there was a slight recovery in the following quarter, reaching 31.22%, the gross profit margin declined again in the subsequent periods, dropping to 31.74% by February 2024. This fluctuation may indicate changes in the company's cost structure, pricing strategies, or revenue mix during these periods. Overall, the company has demonstrated resilience in maintaining a gross profit margin above 30% in recent quarters, which suggests efficient cost management and pricing strategies despite some variability in performance.
Peer comparison
Feb 29, 2024