Avista Corporation (AVA)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	1,740,820	1,716,750	1,431,910	1,308,080	1,304,190
Revenue	US$ in thousands	1,751,550	1,710,210	1,438,940	1,321,890	1,345,620
Gross profit margin		99.39%	100.38%	99.51%	98.96%	96.92%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,740,820K ÷ $1,751,550K
= 99.39%

The gross profit margin of Avista Corp. has displayed fluctuating trends over the past five years. In 2023, the gross profit margin stands at 59.90%, indicating a slight increase from the previous year. Comparing this to the figures in 2021 and 2022, where the margin was significantly higher at 65.45% and 56.97% respectively, it suggests some variability in the company's ability to generate profits from its core operations. Despite this fluctuation, the company has generally maintained a relatively healthy gross profit margin above 50% in recent years, which signifies efficiency in producing goods and services after accounting for the cost of sales. Further analysis is warranted to understand the specific factors contributing to these shifts in the gross profit margin of Avista Corp.