Vestis Corporation (VSTS)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 830,668 | 855,071 | 800,951 | 779,610 |
| Revenue (ttm) | US$ in thousands | 2,842,513 | 2,825,286 | 2,792,558 | 2,762,895 |
| Gross profit margin | 29.22% | 30.26% | 28.68% | 28.22% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $830,668K ÷ $2,842,513K
= 29.22%
The gross profit margin of Vestis Corporation has shown some fluctuation over the four quarters of 2023. The highest gross profit margin was recorded in the second quarter at 30.26%, while the lowest was in the first quarter at 28.22%. Overall, the gross profit margin has remained relatively stable around the 28-30% range throughout the year. It is important for Vestis Corporation to continue monitoring and managing its cost of goods sold and revenue generation to maintain a healthy level of gross profit margin, which indicates the company's efficiency in generating profits from its core business activities.
Peer comparison
Dec 31, 2023