Chesapeake Utilities Corporation (CPK)
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 | 548,815 | 566,807 | 567,298 | 570,914 | 576,631 | 558,386 | 534,973 | 501,719 | 470,714 | 518,927 | 513,568 | 505,392 | 452,174 | 447,109 | 423,254 | 454,511 | 542,810 | 612,027 | 673,291 | 678,812 |
| Revenue (ttm) | US$ in thousands | 670,604 | 672,570 | 672,076 | 675,953 | 680,704 | 653,767 | 630,049 | 601,661 | 569,968 | 546,642 | 540,726 | 526,695 | 488,198 | 483,134 | 474,341 | 471,832 | 479,606 | 481,846 | 482,620 | 481,950 |
| Gross profit margin | 81.84% | 84.27% | 84.41% | 84.46% | 84.71% | 85.41% | 84.91% | 83.39% | 82.59% | 94.93% | 94.98% | 95.96% | 92.62% | 92.54% | 89.23% | 96.33% | 113.18% | 127.02% | 139.51% | 140.85% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $548,815K ÷ $670,604K
= 81.84%
The gross profit margin of Chesapeake Utilities Corp has shown a generally positive trend over the past eight quarters, with an upward trajectory from Q1 2022 to Q4 2023. The company's gross profit margin has consistently improved, reaching 67.72% in Q4 2023, reflecting the company's ability to generate profit from its core business activities after accounting for the cost of goods sold. This indicates efficient cost management and pricing strategies, as well as potentially effective procurement practices. Overall, the trend suggests that Chesapeake Utilities Corp has been able to enhance its profitability at the gross level over the analyzed period.
Peer comparison
Dec 31, 2023