California Water Service Group (CWT)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 376,227 | 442,045 | 392,877 | 405,921 | 302,700 |
| Revenue | US$ in thousands | 747,613 | 804,187 | 749,273 | 755,324 | 626,488 |
| Gross profit margin | 50.32% | 54.97% | 52.43% | 53.74% | 48.32% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $376,227K ÷ $747,613K
= 50.32%
The gross profit margin of California Water Service Group has shown some fluctuations over the past five years. It decreased from 65.88% in 2019 to 66.75% in 2020 before slightly increasing to 66.86% in 2021. However, there was a more significant decrease in 2022 to 68.21% and further decline to 66.09% in 2023. Despite some variability, the gross profit margin has generally been above 65% during this period, indicating the company's ability to efficiently generate profit from its core operations. Further analysis would be needed to understand the specific factors driving these fluctuations and to assess the overall financial performance of California Water Service Group.
Peer comparison
Dec 31, 2023