Plexus Corp (PLXS)

Gross profit margin

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Gross profit	US$ in thousands	378,530	394,554	347,229	323,296	312,706
Revenue	US$ in thousands	8,035,580	8,496,620	7,722,450	6,834,190	6,875,610
Gross profit margin		4.71%	4.64%	4.50%	4.73%	4.55%

September 30, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $378,530K ÷ $8,035,580K
= 4.71%

The gross profit margin for Plexus Corp has shown a slight increase over the past five years, from 4.55% in 2020 to 4.71% in 2024. This indicates that the company is effectively managing its cost of goods sold and generating a higher percentage of revenue as gross profit. Despite some fluctuations, the overall trend is positive, suggesting that Plexus Corp has been able to maintain or improve its profitability in recent years. However, it is important for the company to continue monitoring and optimizing its cost structure to sustain this upward trend in gross profit margin.