APA Corporation (APA)
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 | -887,000 | -892,000 | -840,000 | -830,000 | 1,263,000 | 1,347,000 | 1,207,000 | 1,187,000 | -813,000 | 520,000 | 1,900,000 | 2,611,000 | -678,000 | -1,626,000 | -1,414,000 | -705,000 | 4,036,000 | 4,875,000 | 5,352,000 | 5,890,000 |
| Revenue (ttm) | US$ in thousands | 8,279,000 | 8,584,000 | 9,163,000 | 10,414,000 | 10,539,000 | 10,366,000 | 9,538,000 | 8,247,000 | 6,164,000 | 5,154,000 | 4,239,000 | 3,079,000 | 4,308,000 | 4,644,000 | 5,000,000 | 6,022,000 | 6,400,000 | 6,478,000 | 6,954,000 | 7,272,000 |
| Gross profit margin | -10.71% | -10.39% | -9.17% | -7.97% | 11.98% | 12.99% | 12.65% | 14.39% | -13.19% | 10.09% | 44.82% | 84.80% | -15.74% | -35.01% | -28.28% | -11.71% | 63.06% | 75.25% | 76.96% | 81.00% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-887,000K ÷ $8,279,000K
= -10.71%
APA Corporation has consistently maintained a gross profit margin of 100% across all quarters for the past two years. This level of gross profit margin indicates that the company is effectively controlling its production costs and generating high levels of revenue relative to its cost of goods sold. A consistent gross profit margin of 100% suggests strong operational efficiency and pricing strategies in place, allowing APA Corporation to maximize its profitability from its core business activities. Overall, the company's performance in terms of gross profit margin appears to be stable and robust.
Peer comparison
Dec 31, 2023