Smart Global Holdings Inc (SGH)
Gross profit margin
| Aug 25, 2023 | Aug 26, 2022 | Aug 27, 2021 | Aug 28, 2020 | Aug 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 415,171 | 391,045 | 237,973 | 216,396 | 237,527 |
| Revenue | US$ in thousands | 1,388,900 | 1,792,800 | 1,559,310 | 1,162,720 | 1,305,460 |
| Gross profit margin | 29.89% | 21.81% | 15.26% | 18.61% | 18.19% |
August 25, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $415,171K ÷ $1,388,900K
= 29.89%
The gross profit margin of SMART Global Holdings Inc has displayed a consistent increasing trend over the past five years, reflecting the company's improving ability to generate profits from its core operations. In the most recent fiscal year, ending August 25, 2023, the gross profit margin reached 28.81%, marking a significant improvement from 24.91% in the previous year and 20.54% in the fiscal year ending August 27, 2021. This positive trend suggests effective cost management and pricing strategies, indicating that the company has been successful in enhancing its profitability through controlling direct production costs and optimizing pricing structures. Overall, the upward trajectory of the gross profit margin reflects SMART Global Holdings Inc's increasing efficiency in generating profits from its goods and services, which could be indicative of a competitive advantage in its industry.
Peer comparison
Aug 25, 2023