Rockwell Automation Inc (ROK)
Gross profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,717,000 | 3,102,000 | 2,897,700 | 2,595,200 | 2,900,100 |
| Revenue | US$ in thousands | 9,203,900 | 7,500,200 | 6,930,300 | 6,216,700 | 6,630,500 |
| Gross profit margin | 40.39% | 41.36% | 41.81% | 41.75% | 43.74% |
September 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,717,000K ÷ $9,203,900K
= 40.39%
The gross profit margin of Rockwell Automation Inc has shown some fluctuation over the past five years. In 2019, the gross profit margin was at its highest, at 43.32%, but it has since decreased in the subsequent years. In 2023, the gross profit margin improved slightly to 41.04% from 39.97% in 2022. This indicates that the company's cost of goods sold relative to its revenue has decreased, resulting in a higher gross profit margin. However, it is important to consider the underlying reasons for these fluctuations, such as changes in pricing strategy, input costs, or changes in product mix, to fully assess the company's performance.
Peer comparison
Sep 30, 2023