Sanmina Corporation (SANM)
Gross profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 640,429 | 743,211 | 622,206 | 526,441 | 525,707 |
| Revenue | US$ in thousands | 7,568,330 | 8,898,760 | 7,890,480 | 6,756,640 | 6,960,370 |
| Gross profit margin | 8.46% | 8.35% | 7.89% | 7.79% | 7.55% |
September 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $640,429K ÷ $7,568,330K
= 8.46%
The gross profit margin of Sanmina Corporation has shown a positive trend over the past five fiscal years, increasing from 7.55% in 2020 to 8.46% in 2024. This indicates an improvement in the company's ability to generate profits from its core business operations after accounting for the direct costs of goods sold. The consistent upward trajectory of the gross profit margin reflects effective cost management and pricing strategies, which have led to enhanced profitability for the company. Overall, the increase in gross profit margin demonstrates improved efficiency and effectiveness in Sanmina Corporation's operations over the years.
Peer comparison
Sep 30, 2024