Universal Corporation (UVV)
Gross profit margin
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,850,239 | 2,764,772 | 2,729,208 | 2,726,880 | 2,655,030 | 2,641,588 | 2,491,943 | 2,289,768 | 2,207,722 | 2,161,185 | 2,179,788 | 2,095,507 | 2,060,443 | 1,537,243 | 906,238 | 615,295 | 356,812 | 367,132 | 389,589 | 393,020 |
| Revenue (ttm) | US$ in thousands | 5,391,810 | 5,245,610 | 5,193,930 | 5,223,710 | 5,060,650 | 4,996,660 | 4,718,680 | 4,329,760 | 4,169,502 | 4,102,022 | 4,143,322 | 3,990,997 | 3,926,771 | 3,349,125 | 3,014,895 | 3,213,146 | 3,175,164 | 3,214,793 | 3,477,373 | 3,605,287 |
| Gross profit margin | 52.86% | 52.71% | 52.55% | 52.20% | 52.46% | 52.87% | 52.81% | 52.88% | 52.95% | 52.69% | 52.61% | 52.51% | 52.47% | 45.90% | 30.06% | 19.15% | 11.24% | 11.42% | 11.20% | 10.90% |
March 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,850,239K ÷ $5,391,810K
= 52.86%
Universal Corporation's gross profit margin has been relatively stable over the past few quarters, hovering around the range of 52% to 53%. This indicates that the company has been effectively managing its cost of goods sold and generating consistent levels of gross profit relative to its revenue.
However, there are notable fluctuations in the earlier periods, with a significant drop in gross profit margin in the September 2020 quarter to 30.06% followed by a further decline to 19.15% in the December 2020 quarter. These decreases may indicate challenges in managing costs or pricing pressures during those periods.
It is encouraging to see a significant improvement in the gross profit margin from 2021 onwards, with the margin reaching above 50% consistently. This suggests that Universal Corporation may have implemented strategies to enhance efficiency in its operations or successfully adjusted pricing strategies to enhance profitability.
Overall, Universal Corporation's gross profit margin trend reflects the company's ability to maintain a healthy level of profitability, with recent improvements indicating a positive shift in operational performance. Monitoring future trends in the gross profit margin will be important to assess the company's continued financial health and efficiency.
Peer comparison
Mar 31, 2024