Nordson Corporation (NDSN)
Gross profit margin
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 546,184 | 623,315 | 531,567 | 1,130,470 | 1,192,100 |
| Revenue | US$ in thousands | 2,568,040 | 2,568,450 | 2,336,130 | 2,088,460 | 2,146,130 |
| Gross profit margin | 21.27% | 24.27% | 22.75% | 54.13% | 55.55% |
October 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $546,184K ÷ $2,568,040K
= 21.27%
The gross profit margin of Nordson Corp. has experienced a slight decrease over the past five years, from 54.33% in 2019 to 54.23% in 2023. This indicates a decrease in the company's ability to generate profits from its production and sales activities after deducting the cost of goods sold. However, it is noteworthy that the gross profit margin remains relatively high, suggesting efficient management of production costs and pricing strategies. Further analysis of the company's cost structure and pricing dynamics would provide deeper insights into the factors driving the changes in the gross profit margin.
Peer comparison
Oct 31, 2023