Evergy Inc. Common Stock (EVRG)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,948,600 | 4,468,500 | 4,250,800 | 3,616,700 | 3,878,000 |
| Revenue | US$ in thousands | 5,508,200 | 5,859,100 | 5,586,700 | 4,913,400 | 5,147,800 |
| Gross profit margin | 71.69% | 76.27% | 76.09% | 73.61% | 75.33% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,948,600K ÷ $5,508,200K
= 71.69%
Evergy Inc's gross profit margin has shown some fluctuations over the past five years, ranging from a low of 68.92% in 2022 to a high of 77.63% in 2020. The gross profit margin measures the percentage of revenue that exceeds the cost of goods sold, indicating the company's efficiency in managing production costs. Although there was a slight decrease in 2023 compared to the previous year, the margin remains relatively high, indicating that Evergy Inc has been able to effectively control its production costs and generate a significant gross profit relative to its revenue. Overall, the company's gross profit margin trend demonstrates stability and consistent profitability over the years.
Peer comparison
Dec 31, 2023