Simulations Plus Inc (SLP)

Gross profit margin

		Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020
Gross profit	US$ in thousands	43,151	47,947	43,084	35,866	30,940
Revenue	US$ in thousands	74,774	59,577	53,906	46,466	41,589
Gross profit margin		57.71%	80.48%	79.92%	77.19%	74.39%

August 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $43,151K ÷ $74,774K
= 57.71%

Simulations Plus Inc's gross profit margin has shown variability over the past five years. The gross profit margin was at its highest in 2023 at 80.48% and experienced a decline in 2024 to 57.71%. Despite this decrease, the gross profit margin remains relatively healthy. It is important to further explore the reasons behind this fluctuation in order to assess the company's ability to generate profits from its core operations efficiently. Additionally, comparing the gross profit margin to industry benchmarks and analyzing trends in operating expenses may provide further insights into Simulations Plus Inc's overall financial performance.