Sonos Inc (SONO)
Gross profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 716,490 | 796,367 | 809,994 | 571,956 | 527,343 |
| Revenue | US$ in thousands | 1,661,860 | 1,741,010 | 1,716,560 | 1,324,680 | 1,253,490 |
| Gross profit margin | 43.11% | 45.74% | 47.19% | 43.18% | 42.07% |
September 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $716,490K ÷ $1,661,860K
= 43.11%
The gross profit margin of Sonos Inc has exhibited a declining trend over the past five years. In the most recent fiscal year ending September 30, 2023, the gross profit margin stood at 43.29%, representing a decrease from the previous year's margin of 45.45%. This indicates a lower percentage of revenue retained after accounting for the cost of goods sold. The declining trend suggests potential challenges in managing production costs, pricing strategies, or changes in product mix that may be impacting the company's ability to generate profits at the production level. Further analysis of cost structures, pricing strategies, and competitive positioning may provide insights into the factors driving this trend in the gross profit margin.
Peer comparison
Sep 30, 2023