Matthews International Corporation (MATW)
Gross profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 529,707 | 577,672 | 522,278 | 541,832 | 497,769 |
| Revenue | US$ in thousands | 1,795,740 | 1,880,900 | 1,762,400 | 1,671,030 | 1,498,310 |
| Gross profit margin | 29.50% | 30.71% | 29.63% | 32.43% | 33.22% |
September 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $529,707K ÷ $1,795,740K
= 29.50%
The gross profit margin of Matthews International Corporation has shown a declining trend over the past five years. It decreased from 33.22% in September 2020 to 29.50% in September 2024. This indicates that the company's ability to generate profits from sales after deducting the cost of goods sold has been eroding. The declining trend in the gross profit margin may suggest various factors at play, such as pricing pressures, increasing production costs, or changes in the product mix. Further investigation into the underlying reasons for this trend is warranted to determine the company's operational efficiency and competitiveness in its industry.