Medtronic PLC (MDT)
Gross profit margin
| Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 21,148,000 | 8,556,000 | 20,508,000 | 8,130,000 | 21,541,000 |
| Revenue | US$ in thousands | 32,364,000 | 32,961,000 | 31,227,000 | 31,528,000 | 31,686,000 |
| Gross profit margin | 65.34% | 25.96% | 65.67% | 25.79% | 67.98% |
April 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $21,148,000K ÷ $32,364,000K
= 65.34%
The gross profit margin of Medtronic PLC has fluctuated over the period analyzed. In April 2022, the gross profit margin stood at a healthy 67.98%, indicating strong profitability and efficient cost management. However, by April 2023, the gross profit margin decreased significantly to 25.79%, suggesting potentially lower revenue or higher cost of goods sold relative to sales.
The following period saw a notable recovery, with the gross profit margin improving to 65.67% in April 2023, indicating a positive trend in profitability. Nonetheless, by April 2024, the gross profit margin dipped again to 25.96%, pointing to potential challenges in maintaining profitability.
In the most recent period analyzed, April 2024, the gross profit margin recovered to 65.34%, signaling a return to improved profitability levels. Overall, the fluctuation in Medtronic's gross profit margin highlights the company's ability to navigate changing market conditions and operational challenges in maintaining and potentially enhancing its profitability in the future.
Peer comparison
Apr 30, 2024