Parker-Hannifin Corporation (PH)

Gross profit margin

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Gross profit	US$ in thousands	3,289,920	2,317,120	2,360,640	1,812,240	1,025,310
Revenue	US$ in thousands	19,984,900	18,807,800	15,709,500	14,233,900	13,372,200
Gross profit margin		16.46%	12.32%	15.03%	12.73%	7.67%

June 30, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $3,289,920K ÷ $19,984,900K
= 16.46%

The gross profit margin of Parker-Hannifin Corporation has shown an overall increasing trend over the past five years, indicating improved efficiency in generating profits from its sales. In June 2020, the gross profit margin was 7.67%, which has steadily increased to 16.46% by June 2024. This upward trend suggests that the company has been able to effectively manage its production costs and pricing strategies to enhance profitability. The significant improvement in gross profit margin from 2020 to 2024 reflects favorable operational performance and potentially better economies of scale. This positive trend is a favorable indicator for investors and stakeholders, signaling the company's ability to generate higher profits from its core business activities over the years.