Ralph Lauren Corp Class A (RL)

Gross profit margin

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Gross profit (ttm)	US$ in thousands	4,431,800	4,338,700	4,243,400	4,196,400	4,165,800	4,181,300	4,188,700	4,180,800	4,147,500	3,964,300	3,696,600	3,480,800	2,861,400	2,672,900	2,831,600	3,081,200	3,653,300	3,960,400	3,930,800	3,911,100
Revenue (ttm)	US$ in thousands	6,631,400	6,604,300	6,502,600	6,449,500	6,443,600	6,425,500	6,408,600	6,332,800	6,218,500	5,982,800	5,600,200	5,289,600	4,400,800	4,387,900	4,705,800	5,218,500	6,159,800	6,391,400	6,366,500	6,351,200
Gross profit margin		66.83%	65.70%	65.26%	65.07%	64.65%	65.07%	65.36%	66.02%	66.70%	66.26%	66.01%	65.80%	65.02%	60.92%	60.17%	59.04%	59.31%	61.96%	61.74%	61.58%

March 31, 2024 calculation

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

Ralph Lauren Corp Class A has shown a varying trend in its gross profit margin over the past 20 quarters. The gross profit margin ranged from a low of 59.04% in June 30, 2020, to a high of 66.83% in March 31, 2024.

In recent quarters, the gross profit margin has been relatively stable, with values ranging between 65.07% and 66.83%. This indicates that the company has been able to maintain healthy profitability on its products after accounting for the cost of goods sold.

It is important to note that fluctuations in gross profit margin can be influenced by factors such as pricing strategy, input costs, and sales volume. A rising gross profit margin typically suggests that a company is managing its costs effectively or commanding higher prices for its products.

Overall, the trend in Ralph Lauren Corp Class A's gross profit margin indicates a level of stability and efficiency in managing its cost of goods sold over the analyzed period.