Synopsys Inc (SNPS)
Gross profit margin
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,882,150 | 4,287,170 | 4,017,840 | 3,342,420 | 2,890,590 |
| Revenue | US$ in thousands | 6,127,440 | 5,842,620 | 5,081,540 | 4,204,190 | 3,685,280 |
| Gross profit margin | 79.68% | 73.38% | 79.07% | 79.50% | 78.44% |
October 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,882,150K ÷ $6,127,440K
= 79.68%
Synopsys Inc's gross profit margin has shown fluctuations over the past five years, ranging from 73.38% in 2023 to a peak of 79.68% in 2024. Despite the variation, the general trend indicates a relatively high and stable gross profit margin, reflecting the company's ability to efficiently manage production costs and generate profits from its core business operations. The consistently high gross profit margins suggest that Synopsys Inc has been successful in controlling its cost of goods sold and maintaining healthy profit margins, which is a positive indicator of its financial performance and operational efficiency. However, a closer examination of the underlying factors driving these fluctuations would be necessary to provide a more in-depth analysis.
Peer comparison
Oct 31, 2024