Ameren Corp (AEE)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 5,159,000 | 5,756,000 | 4,333,000 | 3,472,000 | 3,250,000 |
| Revenue | US$ in thousands | 7,500,000 | 7,957,000 | 6,394,000 | 5,794,000 | 5,910,000 |
| Gross profit margin | 68.79% | 72.34% | 67.77% | 59.92% | 54.99% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $5,159,000K ÷ $7,500,000K
= 68.79%
Ameren Corp.'s gross profit margin has displayed fluctuations over the past five years. In 2023, the gross profit margin stands at 71.11%, showing an increase from the previous year's 66.36%. However, the current margin is lower than the levels recorded in 2021 (74.52%), 2020 (82.69%), and 2019 (81.54%). The declining trend in gross profit margin from 2020 to 2022 could indicate various factors such as increasing costs of goods sold relative to sales or pricing pressures. The recent uptick in 2023 may suggest improved cost management or pricing strategies. It is essential for Ameren Corp. to continue monitoring and analyzing its gross profit margin to ensure profitability and operational efficiency in the future.
Peer comparison
Dec 31, 2023