Ralph Lauren Corp Class A (RL)

Gross profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Gross profit	US$ in thousands	4,431,800	4,165,800	4,147,500	2,861,400	3,653,300
Revenue	US$ in thousands	6,631,400	6,443,600	6,218,500	4,400,800	6,159,800
Gross profit margin		66.83%	64.65%	66.70%	65.02%	59.31%

March 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $4,431,800K ÷ $6,631,400K
= 66.83%

The gross profit margin of Ralph Lauren Corp Class A has shown a relatively stable trend over the past five years, ranging from 59.31% in March 2020 to 66.83% in March 2024. The company has maintained a strong position in terms of generating profits from its sales after accounting for the cost of goods sold. The increase in the gross profit margin in 2024 compared to the previous years indicates an improvement in the efficiency of the company in managing its production costs or potentially adjusting its pricing strategies. Overall, Ralph Lauren Corp Class A's gross profit margin reflects a healthy level of profitability and operational performance in the recent fiscal year.