Civitas Resources Inc (CIVI)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,932,510 | 2,799,540 | 540,790 | 52,428 | 248,559 |
| Revenue | US$ in thousands | 3,296,250 | 3,775,140 | 923,213 | 215,005 | 312,095 |
| Gross profit margin | 58.63% | 74.16% | 58.58% | 24.38% | 79.64% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,932,510K ÷ $3,296,250K
= 58.63%
The gross profit margin of Civitas Resources Inc has been consistently at 100.00% for the past five years, indicating that the company is effectively managing its production costs in relation to its revenue. This high level of gross profit margin suggests that Civitas Resources Inc is able to generate significant profits from its core business operations after accounting for the direct costs associated with producing its goods or services. It also implies that the company has a competitive advantage in controlling its production expenses and pricing its products effectively to maintain a healthy margin. Overall, a consistent 100.00% gross profit margin reflects strong operational efficiency and profitability for Civitas Resources Inc over the past five years.
Peer comparison
Dec 31, 2023