OSI Systems Inc (OSIS)

Gross profit margin

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Gross profit	US$ in thousands	530,458	430,510	424,427	419,918	420,639
Revenue	US$ in thousands	1,533,660	1,280,430	1,211,210	1,145,600	1,162,640
Gross profit margin		34.59%	33.62%	35.04%	36.65%	36.18%

June 30, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $530,458K ÷ $1,533,660K
= 34.59%

OSI Systems Inc's gross profit margin has shown fluctuations over the past five years. In the most recent fiscal year ending June 30, 2024, the gross profit margin stood at 34.59%, a slight increase from the previous year's 33.62%. However, compared to the margins in Jun 30, 2022 (35.04%), and Jun 30, 2021 (36.65%), the company's profitability from its core operations has shown a slight decline.

The gross profit margin indicates the percentage of revenue that exceeds the cost of goods sold, representing the efficiency and profitability of the company's production and pricing strategies. A higher margin implies better ability to cover operating expenses and generate profits. The downward trend in OSI Systems Inc's gross profit margin over the past few years suggests potential challenges in managing production costs or pricing strategies, which could impact the company's overall profitability.

Further analysis and comparison with industry peers may provide more insights into the factors influencing OSI Systems Inc's gross profit margin and help identify areas for improvement to enhance its financial performance.