Standex International Corporation (SXI)
Gross profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 282,001 | 285,096 | 269,946 | 241,261 | 215,455 |
| Revenue | US$ in thousands | 720,909 | 797,947 | 729,921 | 636,329 | 604,535 |
| Gross profit margin | 39.12% | 35.73% | 36.98% | 37.91% | 35.64% |
June 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $282,001K ÷ $720,909K
= 39.12%
The gross profit margin of Standex International Corporation has displayed some fluctuations over the past five years. In the most recent fiscal year as of June 30, 2024, the gross profit margin improved to 39.12% compared to 35.73% in the prior year. This signifies that the company was able to generate more gross profit relative to its revenue, indicating potentially better cost management or pricing strategies.
However, when observing the trend over the five-year period, it is noticeable that the gross profit margins have varied between 35.64% and 39.12%. While there was an improvement in the most recent year, the margins in the years before that were relatively stable, generally staying within a narrow range. This suggests that Standex International Corporation has been able to maintain its gross profit margins consistently over time, though with some fluctuations seen in the recent years.
Overall, the upward trend in the gross profit margin in the most recent fiscal year might indicate enhanced operational efficiency or pricing power for Standex International Corporation, but a longer observation period may be necessary to draw more definitive conclusions about the company's performance in this aspect.
Peer comparison
Jun 30, 2024