American Electric Power Company Inc (AEP)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	18,221,500	18,391,600	18,552,200	18,733,400	18,612,100	17,869,800	16,998,000	16,251,600	15,958,800	15,506,800	14,973,400	14,677,600	14,154,500	14,096,600	14,346,200	14,441,200	14,777,800	14,962,900	15,025,700	14,110,800
Revenue (ttm)	US$ in thousands	18,982,300	19,286,200	19,470,600	19,737,800	19,639,500	18,819,800	17,916,700	17,103,500	16,792,000	16,341,200	15,784,600	15,452,100	14,918,500	14,923,900	15,172,500	15,252,100	15,561,400	15,746,500	15,764,600	16,204,200
Gross profit margin		95.99%	95.36%	95.28%	94.91%	94.77%	94.95%	94.87%	95.02%	95.04%	94.89%	94.86%	94.99%	94.88%	94.46%	94.55%	94.68%	94.96%	95.02%	95.31%	87.08%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $18,221,500K ÷ $18,982,300K
= 95.99%

The gross profit margin of American Electric Power Company Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, it stood at 65.35%, a slight increase compared to the previous quarter's 64.70%. However, there was a notable decline in Q2 2023 when the margin dropped to 63.21%. This was lower than the margins seen in the earlier quarters of 2023 and slightly below Q1 2023's margin of 63.00%.

Comparing these figures to the same quarters in 2022, the trend appears to be relatively stable, with only minor fluctuations. Q4 2022 had a gross profit margin of 63.86%, while Q3 and Q2 of the same year recorded higher margins of 65.37% and 67.37%, respectively. The highest margin in recent quarters was seen in Q1 2022 at 68.39%.

Overall, American Electric Power Company Inc.'s gross profit margin has shown some variability in recent quarters, with a general trend of moderately high margins hovering around the mid-60% range. The company may benefit from monitoring and managing its cost of goods sold to maintain or improve its profitability over time.