Simulations Plus Inc (SLP)

Gross profit margin

		Aug 31, 2024	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
Gross profit (ttm)	US$ in thousands	43,151	48,577	48,593	48,502	47,947	44,753	43,880	42,716	43,084	41,083	38,989	37,259	35,866	35,675	35,002	32,449	30,940	29,810	27,790	26,371
Revenue (ttm)	US$ in thousands	72,188	68,509	64,668	62,113	59,577	55,682	54,407	53,453	53,906	52,013	49,831	48,182	46,466	46,165	45,686	42,889	41,589	40,075	37,714	35,836
Gross profit margin		59.78%	70.91%	75.14%	78.09%	80.48%	80.37%	80.65%	79.91%	79.92%	78.99%	78.24%	77.33%	77.19%	77.28%	76.61%	75.66%	74.39%	74.39%	73.69%	73.59%

August 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $43,151K ÷ $72,188K
= 59.78%

The gross profit margin of Simulations Plus Inc has exhibited fluctuations over the periods provided. The gross profit margin represents the percentage of revenue that exceeds the cost of goods sold, reflecting the efficiency of the company's production and pricing strategies. The trend shows a general decline from 73.59% in November 2019 to 59.78% in August 2024, indicating a potential challenge in maintaining profitability relative to costs. However, there have been periods where the gross profit margin improved notably, such as reaching 80.65% in February 2023. Analyzing the underlying factors contributing to these fluctuations can provide insights into the company's operational performance and competitiveness within its industry.