STERIS plc (STE)

Gross profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Gross profit	US$ in thousands	2,218,160	1,980,730	2,016,360	1,343,100	1,320,000
Revenue	US$ in thousands	5,138,700	4,536,270	4,585,060	3,107,520	3,030,900
Gross profit margin		43.17%	43.66%	43.98%	43.22%	43.55%

March 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,218,160K ÷ $5,138,700K
= 43.17%

The gross profit margin of STERIS plc has exhibited consistency over the past five years, ranging between 43.17% and 43.98%. Despite minor fluctuations, the margins have remained relatively stable, indicating the company's ability to effectively manage its cost of goods sold and generate profits from its core operations. This trend reflects STERIS plc's strength in controlling production and distribution costs, ultimately contributing to a healthy gross profit margin. It suggests that the company has maintained a competitive pricing strategy while efficiently managing its production processes.