Neogen Corporation (NEOG)
Gross profit margin
| Aug 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 455,344 | 473,600 | 464,681 | 460,446 | 405,955 | 347,772 | 297,220 | 245,275 | 243,013 | 235,705 | 232,142 | 224,762 | 215,056 | 209,094 | 200,575 | 198,387 | 196,279 | 195,080 | 194,378 | 193,385 |
| Revenue (ttm) | US$ in thousands | 1,780,298 | 1,817,638 | 1,800,899 | 1,778,001 | 1,592,370 | 1,401,365 | 1,227,465 | 1,062,406 | 1,054,318 | 901,557 | 761,778 | 730,744 | 692,784 | 674,433 | 757,462 | 743,068 | 727,266 | 727,954 | 723,616 | 722,206 |
| Gross profit margin | 25.58% | 26.06% | 25.80% | 25.90% | 25.49% | 24.82% | 24.21% | 23.09% | 23.05% | 26.14% | 30.47% | 30.76% | 31.04% | 31.00% | 26.48% | 26.70% | 26.99% | 26.80% | 26.86% | 26.78% |
August 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $455,344K ÷ $1,780,298K
= 25.58%
Neogen Corporation's gross profit margin has shown some fluctuations over the period under review. The company's gross profit margin ranged from a low of 23.05% to a high of 31.04% during this time frame.
The average gross profit margin for the period was approximately 26.13%, indicating that, on average, the company retains around 26.13 cents from each dollar of sales after accounting for the cost of goods sold.
It is worth noting that the gross profit margin was relatively stable around 26% during the earlier part of the period, but it showed some decrease in the more recent quarters, dropping to around 25.58% in the most recent quarter. This trend suggests that the company may be facing challenges in maintaining its gross margins or experiencing an increase in the cost of goods sold relative to its sales revenue.
Overall, a lower gross profit margin could potentially impact the company's profitability and financial performance, indicating a need for further analysis to understand the factors driving these fluctuations in gross profit margin.
Peer comparison
Aug 31, 2024