Toro Co (TTC)
Gross profit margin
| Oct 31, 2024 | Aug 2, 2024 | May 3, 2024 | Feb 2, 2024 | Oct 31, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 31, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 31, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 31, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,549,300 | 1,529,901 | 1,499,501 | 1,526,201 | 1,577,601 | 1,646,845 | 1,674,351 | 1,600,020 | 1,504,596 | 1,395,137 | 1,326,348 | 1,323,932 | 1,338,492 | 1,349,501 | 1,312,958 | 1,216,722 | 1,189,774 | 1,134,446 | 1,105,853 | 1,120,434 |
| Revenue (ttm) | US$ in thousands | 4,550,900 | 4,443,272 | 4,353,172 | 4,345,472 | 4,494,472 | 4,686,560 | 4,771,130 | 4,687,980 | 4,478,917 | 4,272,115 | 4,090,565 | 3,991,095 | 3,930,922 | 3,818,221 | 3,681,069 | 3,468,487 | 3,362,350 | 3,255,772 | 3,261,817 | 3,294,455 |
| Gross profit margin | 34.04% | 34.43% | 34.45% | 35.12% | 35.10% | 35.14% | 35.09% | 34.13% | 33.59% | 32.66% | 32.42% | 33.17% | 34.05% | 35.34% | 35.67% | 35.08% | 35.39% | 34.84% | 33.90% | 34.01% |
October 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,549,300K ÷ $4,550,900K
= 34.04%
The gross profit margin of Toro Co has shown fluctuations over the past five years, ranging from 32.42% to 35.67%. In the most recent period ending October 31, 2024, the gross profit margin was 34.04%, displaying a slight decrease compared to the previous period. Generally, the company has maintained a gross profit margin above 33%, indicating a healthy percentage of revenue remaining after accounting for the cost of goods sold. It is important for investors to monitor this metric closely as it provides insights into the company's pricing strategy, production efficiency, and overall profitability.