Mesa Laboratories Inc (MLAB)

Gross profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Gross profit	US$ in thousands	133,250	133,693	109,090	87,014	65,362
Revenue	US$ in thousands	216,187	219,080	184,335	133,937	117,687
Gross profit margin		61.64%	61.02%	59.18%	64.97%	55.54%

March 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $133,250K ÷ $216,187K
= 61.64%

Mesa Laboratories Inc's gross profit margin has shown fluctuation over the past five years. The trend indicates a general increase from 55.54% in March 2020 to 61.64% in March 2024, suggesting improved efficiency in controlling costs related to production and sales. Although there was a dip in the margin in March 2022, overall, the company has demonstrated an ability to maintain a healthy level of gross profit margin, signifying effective management of production costs and pricing strategies. This metric is crucial for measuring the profitability of core business activities and the company's ability to generate revenue after accounting for the cost of goods sold.