Atmos Energy Corporation (ATO)

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	2,897,022	2,823,184	2,770,377	2,719,464	2,623,143	2,519,006	2,471,940	2,423,353	2,390,176	2,374,773	2,347,050	2,295,290	2,209,808	2,162,283	2,135,413	2,122,902	2,086,089	2,043,011	2,014,613	1,991,560
Revenue (ttm)	US$ in thousands	3,949,815	4,275,355	4,410,341	4,564,037	4,672,887	4,201,667	4,047,423	3,836,547	3,505,797	3,407,487	3,314,017	3,201,459	2,860,054	2,821,137	2,789,906	2,782,649	2,899,624	2,901,843	2,902,860	2,979,367
Gross profit margin		73.35%	66.03%	62.82%	59.58%	56.14%	59.95%	61.07%	63.16%	68.18%	69.69%	70.82%	71.70%	77.26%	76.65%	76.54%	76.29%	71.94%	70.40%	69.40%	66.85%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,897,022K ÷ $3,949,815K
= 73.35%

The gross profit margin of Atmos Energy Corp. has exhibited fluctuations over the past eight quarters. In the first quarter of 2024, the gross profit margin improved significantly to 73.35%, indicating a stronger ability to generate profit from its core operations. This positive trend follows a decreasing pattern from the fourth quarter of 2022 to the first quarter of 2023, with margins ranging from 56.14% to 62.82%. Despite these fluctuations, the company managed to maintain relatively healthy levels of gross profit margin above 59% in most periods, reflecting solid operational efficiency. Further analysis of the underlying factors driving these changes could provide additional insights into the company's performance and efficiency in generating profits from its sales.