Synopsys Inc (SNPS)

Gross profit margin

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Gross profit (ttm)	US$ in thousands	4,863,500	4,620,430	4,355,220	4,151,995	4,081,565	4,017,845	3,933,968	3,809,447	3,593,364	3,342,416	3,225,613	3,144,675	3,011,400	2,890,591	2,758,039	2,653,251	2,621,752	2,607,748	2,543,910	2,471,905
Revenue (ttm)	US$ in thousands	6,130,510	5,842,620	5,527,780	5,288,260	5,172,630	5,081,550	4,949,680	4,759,040	4,504,130	4,204,191	4,077,211	3,984,215	3,821,222	3,685,282	3,510,923	3,399,759	3,374,674	3,360,694	3,304,695	3,231,439
Gross profit margin		79.33%	79.08%	78.79%	78.51%	78.91%	79.07%	79.48%	80.05%	79.78%	79.50%	79.11%	78.93%	78.81%	78.44%	78.56%	78.04%	77.69%	77.60%	76.98%	76.50%

January 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,863,500K ÷ $6,130,510K
= 79.33%

Synopsys, Inc. has maintained a relatively stable gross profit margin over the past eight quarters, ranging from 78.51% to 80.05%. The company's gross profit margin peaked at 80.05% in Q2 2022 and exhibited a slight decline in subsequent quarters before stabilizing around the high 70s percentage range. This indicates that Synopsys has been effectively managing its cost of goods sold and generating a healthy level of profitability from its core operations. However, it would be beneficial for the company to continue monitoring its gross profit margin to ensure sustained efficiency and profitability in the long run.