Gross profit growth %

Gross profit growth is a financial metric that measures the percentage change in gross profit over specific time periods. Gross profit represents the revenue generated by a company after deducting the cost of goods sold.

Different time periods for percentage gross profit growth calculations include:

• Annual YoY (Year-over-Year): Compares gross profit between the two most recent years, for example, 2023 and 2022.
• Quarterly YoY: Compares gross profit for the most recent quarter (e.g., Q2 2024) with the same quarter in the previous year (Q2 2023).
• TTM YoY (Trailing Twelve Months Year-over-Year): Compares gross profit for the last known TTM period ending, for example, in Q2 2024 with the TTM period ending in Q2 2023.
• Quarterly QoQ (Quarter-over-Quarter): Compares gross profit between the two most recent quarters (e.g., Q2 2024 and Q1 2024), to assess the QoQ change in gross profit.

Gross profit growth helps assess the company's ability to increase profitability by improving operational efficiency and managing production costs. Analyzing percentage gross profit growth over different time periods allows investors to track the company's profitability trends and operational effectiveness. Positive percentage growth indicates an increase in gross profit, while negative percentage growth suggests a decline in gross profit compared to the previous period.