Avista Corporation (AVA)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,140,000 | 1,049,180 | 974,345 | 941,813 | 923,382 |
| Revenue | US$ in thousands | 1,938,000 | 1,751,550 | 1,710,210 | 1,438,940 | 1,321,890 |
| Gross profit margin | 58.82% | 59.90% | 56.97% | 65.45% | 69.85% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,140,000K ÷ $1,938,000K
= 58.82%
Based on the provided data, the gross profit margin for Avista Corporation has shown some fluctuations over the past five years. The trend indicates a decline in the gross profit margin from 69.85% on December 31, 2020, to 58.82% on December 31, 2024.
The company experienced a significant decrease in gross profit margin from 69.85% in 2020 to 56.97% in 2022. This decline could be attributed to various factors, such as increased production costs, pricing pressures, or changes in product mix.
However, there was a slight recovery in the gross profit margin in 2023 and 2024, reaching 59.90% and 58.82% respectively. It is essential for Avista Corporation to monitor and analyze the factors affecting its gross profit margin to ensure sustainable profitability and efficiency in its operations.
Peer comparison
Dec 31, 2024