Sonos Inc (SONO)
Gross profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 689,373 | 716,490 | 796,367 | 809,994 | 571,956 |
| Revenue | US$ in thousands | 1,520,930 | 1,661,860 | 1,741,010 | 1,716,560 | 1,324,680 |
| Gross profit margin | 45.33% | 43.11% | 45.74% | 47.19% | 43.18% |
September 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $689,373K ÷ $1,520,930K
= 45.33%
Sonos Inc's gross profit margin has shown fluctuations over the past five years. In the most recent fiscal year ending September 30, 2024, the company's gross profit margin stood at 45.33%, exhibiting a slight improvement compared to the previous year. However, it was lower than the margins reported in fiscal years 2021 and 2022.
The declining trend from 2021 to 2023 may raise some concerns as it indicates a potential decrease in the efficiency of the company's production and pricing strategies. The increase in gross profit margin in 2024 could suggest that Sonos Inc has taken steps to improve its cost management or pricing structures.
Overall, while the recent increase is a positive sign, further analysis of the company's cost structure and pricing policies is recommended to understand the underlying reasons for the fluctuations in the gross profit margin of Sonos Inc.
Peer comparison
Sep 30, 2024