HF Sinclair Corp (DINO)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 5,403,039 | 5,931,800 | 6,266,340 | 7,336,980 | 6,867,676 |
| Revenue (ttm) | US$ in thousands | 31,780,330 | 32,993,160 | 34,745,460 | 38,104,440 | 38,041,410 |
| Gross profit margin | 17.00% | 17.98% | 18.03% | 19.25% | 18.05% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,403,039K ÷ $31,780,330K
= 17.00%
HF Sinclair Corp.'s gross profit margin has shown fluctuations over the past eight quarters. In Q4 2023, the gross profit margin stood at 18.49%, which was lower than the previous quarter's 20.27%. However, it is still higher than the levels seen in Q2 2023 and Q1 2023, which were 19.84% and 20.67% respectively. Comparing the latest quarter to the same quarter in the previous year, there has been an improvement as Q4 2022 recorded a gross profit margin of 19.56%.
Looking back over the past eight quarters, the trend in the gross profit margin appears to be somewhat fluctuating, with some quarters showing a slight increase while others have experienced a decline. Overall, the company's ability to generate profits from its core business operations, as reflected in the gross profit margin, seems to have been relatively stable, albeit with some variability seen over time.
Further analysis into the underlying factors influencing these fluctuations, such as changes in sales revenue, cost of goods sold, pricing strategies, or operational efficiencies, could provide deeper insights into the company's performance and help assess the sustainability of its gross profit margin levels.