American States Water Company (AWR)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	395,322	405,854	310,084	318,054	304,663
Revenue	US$ in thousands	595,459	595,699	491,528	498,853	488,243
Gross profit margin		66.39%	68.13%	63.09%	63.76%	62.40%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $395,322K ÷ $595,459K
= 66.39%

Based on the data provided, American States Water Company's gross profit margin has shown a positive trend over the years, increasing from 62.40% in December 31, 2020, to 66.39% in December 31, 2024. This indicates that the company has been able to generate more gross profit relative to its revenue.

The peak gross profit margin of 68.13% in December 31, 2023 highlights a strong performance in efficiently controlling production costs and managing pricing strategies. However, there was a slight decrease in the following year, settling at 66.39% by December 31, 2024.

Overall, American States Water Company has demonstrated an ability to maintain healthy gross profit margins, showing efficient management of production costs and pricing strategies, which is positive for the company's profitability and financial health.