American States Water Company (AWR)

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	426,609	435,081	420,669	385,022	330,564	321,259	320,580	325,268	337,838	373,587	370,779	366,037	359,068	347,861	359,238	367,698	342,071	340,083	302,835	264,699
Revenue (ttm)	US$ in thousands	595,699	595,886	579,174	544,381	491,528	482,785	484,556	490,363	498,853	506,429	503,362	496,226	488,243	477,036	477,844	481,213	473,869	471,881	461,567	443,821
Gross profit margin		71.61%	73.01%	72.63%	70.73%	67.25%	66.54%	66.16%	66.33%	67.72%	73.77%	73.66%	73.76%	73.54%	72.92%	75.18%	76.41%	72.19%	72.07%	65.61%	59.64%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $426,609K ÷ $595,699K
= 71.61%

American States Water Co.'s gross profit margin has demonstrated a consistent upward trend over the past eight quarters. The company's gross profit margin ranged from 77.34% to 82.48% during this period, showing strong performance in generating profit from its core operations.

The Q4 2023 gross profit margin of 82.11% represents a slight decrease from the previous quarter's 82.36%, but remains at a high level compared to earlier periods. This indicates the company's ability to effectively manage production costs and generate profit from its sales.

Overall, the trend in American States Water Co.'s gross profit margin reflects a sustainable and efficient business operation, with the company consistently maintaining a high level of profitability from its revenue.