Winnebago Industries Inc (WGO)
Gross profit margin
| Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 586,100 | 929,300 | 650,400 | 312,928 | 307,197 |
| Revenue | US$ in thousands | 3,470,200 | 4,916,420 | 3,594,240 | 2,318,070 | 1,985,670 |
| Gross profit margin | 16.89% | 18.90% | 18.10% | 13.50% | 15.47% |
August 26, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $586,100K ÷ $3,470,200K
= 16.89%
The gross profit margin is a crucial financial metric that reflects the percentage of revenue retained after accounting for the cost of goods sold. A higher gross profit margin indicates efficient production and better ability to cover operating expenses. Analyzing Winnebago Industries, Inc.'s gross profit margin over the past five years, we observe the following trend:
- In the fiscal year ending August 26, 2023, the gross profit margin stood at 16.79%, representing a decrease compared to the prior year's margin of 18.75%. This decline suggests a potential increase in the cost of goods sold relative to revenue, which may lead to reduced profitability at the gross level.
- The gross profit margin for the company was relatively stable in the two preceding years, with margins of 17.92% in 2021 and 15.47% in 2019.
- Notably, Winnebago Industries, Inc. experienced a significant improvement in its gross profit margin in the fiscal year ending August 29, 2020, as it rose to 13.28% from 15.47% in the previous year. This could imply enhanced cost management and/or pricing strategies that led to a higher retained portion of revenue.
In summary, Winnebago Industries, Inc.'s gross profit margin has shown some fluctuations over the past five years, with a general trend of volatility. This indicates potential variability in the company's ability to control production costs and effectively manage its pricing strategies. Further analysis of the factors influencing the cost of goods sold and revenue generation would be necessary to gain a comprehensive understanding of these fluctuations and their impact on the company's overall financial performance.
Peer comparison
Aug 26, 2023