APA Corporation (APA)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | -835,000 | 1,267,000 | -997,000 | -645,000 | 2,593,000 |
| Revenue | US$ in thousands | 8,279,000 | 1,874,000 | 7,985,000 | 4,308,000 | 6,553,000 |
| Gross profit margin | -10.09% | 67.61% | -12.49% | -14.97% | 39.57% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $-835,000K ÷ $8,279,000K
= -10.09%
Based on the data provided, APA Corporation has consistently maintained a gross profit margin of 100% over the past five years. This indicates that the company is effectively controlling its production costs and generating significant profits from its core business operations. A gross profit margin of 100% means that the company is able to sell its products or services at a price that covers all of its production costs, resulting in no direct cost of goods sold and pure profit on each unit sold. This level of consistency in gross profit margin suggests that APA Corporation has a strong pricing strategy, efficient cost management, and possibly a competitive advantage in its industry. Overall, APA Corporation's gross profit margin performance highlights its ability to generate earnings from its primary business activities.
Peer comparison
Dec 31, 2023