Avista Corporation (AVA)
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 | 1,740,788 | 1,750,946 | 1,730,734 | 1,729,333 | 1,716,747 | 1,624,974 | 1,561,537 | 1,481,183 | 1,431,912 | 1,374,083 | 1,350,606 | 1,330,828 | 1,308,080 | 1,305,458 | 1,316,594 | 1,338,836 | 1,325,449 | 1,333,111 | 1,344,316 | 1,361,786 |
| Revenue (ttm) | US$ in thousands | 1,751,554 | 1,744,343 | 1,724,163 | 1,722,792 | 1,710,207 | 1,631,862 | 1,568,423 | 1,488,112 | 1,438,936 | 1,387,555 | 1,364,194 | 1,344,531 | 1,321,891 | 1,306,027 | 1,317,151 | 1,339,371 | 1,345,622 | 1,353,284 | 1,365,527 | 1,384,013 |
| Gross profit margin | 99.39% | 100.38% | 100.38% | 100.38% | 100.38% | 99.58% | 99.56% | 99.53% | 99.51% | 99.03% | 99.00% | 98.98% | 98.96% | 99.96% | 99.96% | 99.96% | 98.50% | 98.51% | 98.45% | 98.39% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,740,788K ÷ $1,751,554K
= 99.39%
As an analyst examining Avista Corp.'s gross profit margin over the past eight quarters, it is evident that there have been fluctuations in the company's performance. The gross profit margin has ranged from a low of 56.93% in Q1 2023 to a high of 63.08% in Q2 2022.
Overall, the trend shows a slight decrease in the gross profit margin from Q2 2022 to Q1 2023, followed by a slight recovery in recent quarters. This indicates that Avista Corp. has faced some challenges in maintaining its profitability efficiency, but has managed to make improvements in the last few quarters.
It will be crucial to further investigate the factors contributing to these fluctuations in the gross profit margin to assess the company's operational efficiency, pricing strategies, cost management, and overall financial health. Additional analysis and context would be necessary to form a comprehensive understanding of Avista Corp.'s gross profit margin performance and its implications for the company's financial prospects.
Peer comparison
Dec 31, 2023