WD-40 Company (WDFC)
Gross profit margin
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 315,227 | 274,220 | 254,765 | 263,739 | 223,017 |
| Revenue | US$ in thousands | 589,498 | 532,231 | 517,489 | 488,109 | 408,498 |
| Gross profit margin | 53.47% | 51.52% | 49.23% | 54.03% | 54.59% |
August 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $315,227K ÷ $589,498K
= 53.47%
The gross profit margin of WD-40 Company has shown a fluctuating trend over the past five years, ranging from 49.23% in 2022 to 54.59% in 2020. In 2024, the gross profit margin increased to 53.47% from 51.52% in 2023. This improvement indicates that the company was able to effectively control its costs related to producing goods and generating revenue in the most recent fiscal year. However, it is important to note that the gross profit margin is still lower than the peak achieved in 2020.
Overall, a higher gross profit margin reflects better efficiency in managing the cost of goods sold and pricing strategies. It is essential for WD-40 Company to maintain or improve its gross profit margin in the future to ensure sustainable profitability and competitiveness in the market.
Peer comparison
Aug 31, 2024