Toll Brothers Inc (TOL)
Gross profit margin
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,655,220 | 1,501,830 | 985,666 | 560,790 | 717,077 |
| Revenue | US$ in thousands | 9,994,940 | 10,275,600 | 8,755,150 | 7,088,190 | 7,260,240 |
| Gross profit margin | 16.56% | 14.62% | 11.26% | 7.91% | 9.88% |
October 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,655,220K ÷ $9,994,940K
= 16.56%
Toll Brothers Inc.'s gross profit margin has exhibited an upward trend over the past five years, indicating improving efficiency in generating profits from its sales. In the most recent fiscal year, ending October 31, 2023, the gross profit margin stood at 26.36%, representing a notable increase from the previous year's 24.20%. This improvement suggests the company's ability to effectively manage its production and operational costs relative to its revenue, resulting in a higher proportion of each sales dollar retained as gross profit. The consistent uptrend in gross profit margin reflects positively on Toll Brothers' profitability and operational performance, potentially signaling effective cost control measures and pricing strategies.
Peer comparison
Oct 31, 2023