Penguin Solutions, Inc. (PENG)
Gross profit margin
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 342,912 | 415,171 | 391,045 | 237,973 | 216,396 |
| Revenue | US$ in thousands | 1,170,800 | 1,441,250 | 1,395,880 | 1,055,530 | 1,122,380 |
| Gross profit margin | 29.29% | 28.81% | 28.01% | 22.55% | 19.28% |
August 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $342,912K ÷ $1,170,800K
= 29.29%
The gross profit margin of Penguin Solutions, Inc. has demonstrated a consistent upward trend over the analyzed period from August 31, 2020, to August 31, 2024. Specifically, the gross profit margin increased from 19.28% in 2020 to 22.55% in 2021, reflecting an improvement of approximately 3.27 percentage points. This upward movement continued in subsequent years, with the margin reaching 28.01% in 2022, indicating a significant increase of 5.46 percentage points within one year. The margin further advanced to 28.81% in 2023, signifying a modest growth of 0.80 percentage points, and continued its positive trajectory to 29.29% in 2024, representing an increase of 0.48 percentage points. Overall, the steady rise in gross profit margin suggests effective management of cost of goods sold relative to revenue, improved pricing strategies, or increased operational efficiencies over this multi-year period. This trend indicates an enhancement in the company's profitability at the gross profit level.
Peer comparison
Aug 31, 2024