RPM International Inc (RPM)
Gross profit margin
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,014,590 | 2,748,040 | 2,433,050 | 2,405,160 | 2,092,860 |
| Revenue | US$ in thousands | 7,210,630 | 7,128,530 | 6,615,470 | 6,018,050 | 5,406,290 |
| Gross profit margin | 41.81% | 38.55% | 36.78% | 39.97% | 38.71% |
May 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,014,590K ÷ $7,210,630K
= 41.81%
The gross profit margin of RPM International Inc has shown fluctuations over the five-year period from May 31, 2020, to May 31, 2024. In May 31, 2020, the gross profit margin was 38.71%, which slightly increased to 39.97% in May 31, 2021. However, there was a decrease in the gross profit margin to 36.78% in May 31, 2022, before rebounding to 38.55% in May 31, 2023. The most recent data point, as of May 31, 2024, indicated a further increase in the gross profit margin to 41.81%.
Overall, the trend in the gross profit margin of RPM International Inc has shown variability, with some fluctuations but a recent uptrend, reaching a five-year high in May 31, 2024. This may indicate an improvement in the company's ability to generate profits from its core business activities, reflecting positively on its operational efficiency and pricing strategies. However, further analysis and consideration of other financial metrics are necessary to gain a comprehensive understanding of the company's financial performance and profitability.
Peer comparison
May 31, 2024