Post Holdings Inc (POST)
Gross profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,881,700 | 1,467,500 | 1,428,100 | 1,449,400 | 1,792,100 |
| Revenue | US$ in thousands | 6,991,000 | 5,851,200 | 4,980,700 | 4,711,000 | 5,681,100 |
| Gross profit margin | 26.92% | 25.08% | 28.67% | 30.77% | 31.54% |
September 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,881,700K ÷ $6,991,000K
= 26.92%
The gross profit margin of Post Holdings Inc has shown fluctuations over the past five years. In 2019, the gross profit margin stood at 31.54%, indicating that the company retained 31.54% of its revenue after accounting for the cost of goods sold. However, this margin declined to 31.37% in 2020 and further to 29.14% in 2021, suggesting a decrease in the company's ability to generate profit from its sales.
The trend continued with a gross profit margin of 25.08% in 2022, signifying a notable decrease compared to the previous year. However, there was a slight improvement in 2023, with the gross profit margin increasing to 26.92%. This uptick may indicate some positive developments in the company's cost structure or pricing strategies or a shift in product mix towards higher margin products.
Overall, the downward trend in gross profit margin from 2019 to 2022 raises potential concerns about the company's efficiency in managing its production and distribution costs. The recent improvement in 2023, while a positive sign, should be monitored to assess its sustainability and impact on the company's overall profitability.
Peer comparison
Sep 30, 2023