Universal Corporation (UVV)
Gross profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,829,610 | 2,643,060 | 2,196,970 | 2,076,530 | 356,812 |
| Revenue | US$ in thousands | 5,381,540 | 5,054,850 | 4,159,990 | 3,928,210 | 3,761,740 |
| Gross profit margin | 52.58% | 52.29% | 52.81% | 52.86% | 9.49% |
March 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,829,610K ÷ $5,381,540K
= 52.58%
Universal Corporation has maintained a relatively stable gross profit margin over the past five years, ranging from 52.29% to 52.86%. The company's ability to generate profit from its core operations has been consistently strong, with the margin consistently staying above 50%. However, it is important to note a significant increase in the gross profit margin in the most recent year compared to the preceding years, where it jumped from 9.49% to around 52%. This drastic improvement may indicate cost efficiencies, pricing strategies, or changes in the product mix that have positively impacted the company's profitability. Overall, Universal Corporation's gross profit margin demonstrates its ability to efficiently manage production costs and generate profits from its sales.
Peer comparison
Mar 31, 2024