Triumph Group Inc (TGI)
Gross profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 322,842 | 387,529 | 386,879 | 393,453 | 509,202 |
| Revenue | US$ in thousands | 1,192,040 | 1,130,560 | 1,459,940 | 1,869,720 | 2,900,120 |
| Gross profit margin | 27.08% | 34.28% | 26.50% | 21.04% | 17.56% |
March 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $322,842K ÷ $1,192,040K
= 27.08%
The gross profit margin of Triumph Group Inc has shown some fluctuations over the past five years. In the most recent fiscal year ending March 31, 2024, the gross profit margin decreased to 27.08% from 34.28% in the previous year. However, it still remained relatively higher compared to the margins in fiscal years 2021, 2020, and 2019, which were 21.04%, 17.56%, and 26.50%, respectively.
The downward trend in the gross profit margin from 2023 to 2024 may indicate potential challenges in maintaining profitability, possibly due to factors such as increasing costs of goods sold, pricing pressures, or changes in sales mix. It would be important for the company to analyze the underlying reasons for this decline and implement strategies to improve efficiency and profitability.
Overall, the gross profit margin is a key indicator of a company's ability to generate profits from its core business activities after accounting for the direct costs of production. Monitoring this metric over time can provide insights into the company's operational performance and competitiveness in its industry.
Peer comparison
Mar 31, 2024