Ross Stores Inc (ROST)
Gross profit margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,471,780 | 1,987,490 | 2,258,540 | -133,656 | 2,164,290 |
| Revenue | US$ in thousands | 20,541,100 | 18,693,000 | 18,841,900 | 12,208,200 | 16,057,200 |
| Gross profit margin | 12.03% | 10.63% | 11.99% | -1.09% | 13.48% |
February 3, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,471,780K ÷ $20,541,100K
= 12.03%
Ross Stores Inc's gross profit margin has varied over the past five years, ranging from a low of -1.09% in Jan 30, 2021, to a high of 13.48% in Feb 1, 2020. The company's performance in terms of gross profit margin improved in Feb 3, 2024, with a margin of 12.03%, compared to the previous year where it was 10.63% in Jan 28, 2023. This indicates that Ross Stores Inc has been able to effectively manage its cost of goods sold and generate higher gross profits relative to its revenue. However, further analysis would be required to understand the specific factors driving these changes in gross profit margin.
Peer comparison
Feb 3, 2024