Ross Stores Inc (ROST)

Gross profit margin

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Gross profit (ttm)	US$ in thousands	2,471,781	2,256,944	2,114,392	2,025,282	1,987,489	1,879,402	1,932,556	2,084,420	2,258,540	2,168,073	1,800,534	1,199,168	106,297	314,062	660,051	1,152,640	2,164,288	2,120,660	2,081,831	2,050,755
Revenue (ttm)	US$ in thousands	20,541,060	19,703,320	19,303,440	18,903,660	18,692,980	18,458,850	18,446,360	18,660,290	18,841,920	18,069,620	17,239,590	15,109,180	12,448,160	12,634,370	12,762,120	14,090,910	16,057,180	15,753,150	15,452,190	15,206,860
Gross profit margin		12.03%	11.45%	10.95%	10.71%	10.63%	10.18%	10.48%	11.17%	11.99%	12.00%	10.44%	7.94%	0.85%	2.49%	5.17%	8.18%	13.48%	13.46%	13.47%	13.49%

February 3, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,471,781K ÷ $20,541,060K
= 12.03%

The gross profit margin of Ross Stores Inc has exhibited fluctuating trends over the past several quarters. The margin ranged from a low of 0.85% in January 2021 to a high of 13.49% in May 2019. More recently, the margin has shown slight improvement, with a value of 12.03% in February 2024.

Overall, the company's gross profit margin has shown some variability, reflecting factors such as changes in pricing strategies, cost of goods sold, and overall sales performance. It is important for Ross Stores Inc to closely monitor and analyze its gross profit margin to ensure sustainable profitability and operational efficiency.