Woodward Inc (WWD)
Gross profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 307,946 | 256,550 | 282,819 | 294,384 | 397,333 |
| Revenue | US$ in thousands | 2,865,510 | 2,353,550 | 2,214,170 | 2,467,570 | 2,857,210 |
| Gross profit margin | 10.75% | 10.90% | 12.77% | 11.93% | 13.91% |
September 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $307,946K ÷ $2,865,510K
= 10.75%
The gross profit margin for Woodward Inc over the past five years has shown a fluctuating trend. The margin decreased from 25.65% in 2020 to 24.54% in 2021, followed by a further decline to 22.05% in 2022. However, there was a slight improvement in 2023, with the margin increasing to 23.25%. This suggests that the company's ability to generate profit from its sales has varied over the years, potentially indicating changes in the cost of goods sold or pricing strategies. Further analysis of the components contributing to the cost of goods sold and revenue generation may provide insights into the factors driving these fluctuations in the gross profit margin.