The AES Corporation (AES)
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 | 2,504,000 | 2,573,000 | 2,547,000 | 2,612,000 | 2,548,000 | 2,544,000 | 2,412,000 | 2,577,000 | 2,711,000 | 3,058,000 | 3,054,000 | 2,850,000 | 2,693,000 | 2,347,000 | 2,292,000 | 2,270,000 | 2,349,000 | 2,435,000 | 2,405,000 | 2,503,000 |
| Revenue (ttm) | US$ in thousands | 12,668,000 | 12,760,000 | 12,953,000 | 13,004,000 | 12,617,000 | 12,327,000 | 11,736,000 | 11,358,000 | 11,141,000 | 10,931,000 | 10,440,000 | 9,957,000 | 9,660,000 | 9,531,000 | 9,611,000 | 9,877,000 | 10,189,000 | 10,380,000 | 10,592,000 | 10,646,000 |
| Gross profit margin | 19.77% | 20.16% | 19.66% | 20.09% | 20.19% | 20.64% | 20.55% | 22.69% | 24.33% | 27.98% | 29.25% | 28.62% | 27.88% | 24.62% | 23.85% | 22.98% | 23.05% | 23.46% | 22.71% | 23.51% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,504,000K ÷ $12,668,000K
= 19.77%
The gross profit margin of AES Corp. has shown some fluctuation over the past eight quarters. In Q1 2022, the gross profit margin was at its highest at 22.69%, but since then, it has generally decreased, reaching a low of 19.66% in Q2 2023. This downward trend indicates potential challenges in maintaining profitability from sales after deducting the cost of goods sold. It will be important for AES Corp. to closely monitor and evaluate the factors contributing to these fluctuations in order to implement strategies to improve and stabilize the gross profit margin in the future.