RPM International Inc (RPM)
Gross profit margin
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,014,589 | 2,959,157 | 2,890,027 | 2,832,190 | 2,748,044 | 2,711,398 | 2,671,950 | 2,564,173 | 2,433,053 | 2,387,942 | 2,361,297 | 2,364,855 | 2,405,159 | 2,265,724 | 2,228,530 | 2,171,756 | 2,092,855 | 2,174,713 | 2,149,388 | 2,113,721 |
| Revenue (ttm) | US$ in thousands | 7,210,630 | 7,210,030 | 7,225,690 | 7,227,590 | 7,153,220 | 7,135,330 | 7,037,070 | 6,891,810 | 6,615,470 | 6,379,750 | 6,216,330 | 6,062,430 | 6,018,050 | 5,756,940 | 5,658,510 | 5,568,830 | 5,428,360 | 5,570,800 | 5,534,900 | 5,496,300 |
| Gross profit margin | 41.81% | 41.04% | 40.00% | 39.19% | 38.42% | 38.00% | 37.97% | 37.21% | 36.78% | 37.43% | 37.99% | 39.01% | 39.97% | 39.36% | 39.38% | 39.00% | 38.55% | 39.04% | 38.83% | 38.46% |
May 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,014,589K ÷ $7,210,630K
= 41.81%
Over the past two years, RPM International Inc has shown a relatively stable gross profit margin, ranging between 36.78% and 41.81%. The gross profit margin measures the percentage of revenue that exceeds the cost of goods sold, indicating the company's ability to generate profits from its core business activities.
The upward trend in gross profit margin from the end of 2021 to mid-2024 suggests efficiency improvements in production or pricing strategies. However, fluctuations in the margin between a narrow range might indicate changing market conditions or the effectiveness of cost management strategies.
Overall, RPM International Inc's gross profit margin has remained relatively healthy and consistent, demonstrating its ability to control costs and maintain profitability in a competitive environment.
Peer comparison
May 31, 2024