Medtronic PLC (MDT)
Gross profit margin
| Apr 26, 2024 | Jan 26, 2024 | Oct 27, 2023 | Jul 28, 2023 | Apr 28, 2023 | Jan 27, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | Apr 24, 2020 | Jan 24, 2020 | Oct 25, 2019 | Jul 26, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 8,605,000 | 8,741,000 | 8,500,000 | 8,519,000 | 8,243,000 | 6,615,000 | 7,082,000 | 7,418,000 | 8,149,000 | 8,978,000 | 8,801,000 | 8,034,000 | 6,739,000 | 8,158,000 | 11,454,000 | 15,337,000 | 19,490,000 | 21,419,000 | 21,383,000 | 21,349,000 |
| Revenue (ttm) | US$ in thousands | 32,983,000 | 32,678,000 | 32,347,000 | 31,976,000 | 31,530,000 | 30,049,000 | 30,129,000 | 30,435,000 | 31,156,000 | 31,285,000 | 31,267,000 | 30,705,000 | 29,191,000 | 27,143,000 | 27,072,000 | 27,436,000 | 27,578,000 | 29,726,000 | 29,468,000 | 29,167,000 |
| Gross profit margin | 26.09% | 26.75% | 26.28% | 26.64% | 26.14% | 22.01% | 23.51% | 24.37% | 26.16% | 28.70% | 28.15% | 26.17% | 23.09% | 30.06% | 42.31% | 55.90% | 70.67% | 72.05% | 72.56% | 73.20% |
April 26, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $8,605,000K ÷ $32,983,000K
= 26.09%
The gross profit margin of Medtronic PLC has exhibited fluctuating trends over the past several quarters. From July 2019 to October 2020, the gross profit margin gradually increased from 72.05% to 73.20%, reflecting strong profitability and efficient cost management. However, from January 2021 to October 2021, there was a decline in the gross profit margin from 30.06% to 26.17%, indicating potential challenges in maintaining profitability during this period.
Subsequently, there was a significant improvement in the gross profit margin in the following quarters, with a notable increase from 28.15% in January 2022 to 30.06% in April 2022. This improvement continued, reaching a peak of 73.20% in July 2020, showcasing robust financial performance and effective cost control measures.
However, the gross profit margin saw a decline in subsequent quarters, dropping to 26.09% in April 2024. This decline may indicate potential challenges in managing production costs or pricing pressures impacting profitability.
Overall, the varying gross profit margin trends of Medtronic PLC suggest the need for continuous monitoring of cost structures and pricing strategies to ensure sustainable profitability in the dynamic business environment.
Peer comparison
Apr 26, 2024