Simulations Plus Inc (SLP)

Gross profit margin

		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	May 31, 2019
Gross profit (ttm)	US$ in thousands	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	24,948	23,781
Revenue (ttm)	US$ in thousands	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	33,971	32,633
Gross profit margin		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%	73.44%	72.87%

February 29, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $48,593K ÷ $64,668K
= 75.14%

Simulations Plus Inc's gross profit margin has been relatively stable over the past several quarters, ranging from a low of 72.87% to a high of 80.65%. The company's gross profit margin peaked at 80.65% in February 2023 before experiencing a slight decline in subsequent periods. Overall, the company has maintained a healthy gross profit margin above 70% consistently, indicating efficient cost management and strong pricing strategies. However, there was a slight downward trend observed in the most recent data, with the margin dropping to 75.14% in February 2024. This slight decrease may warrant further investigation to ensure sustainable profitability in the future.