Evergy Inc. Common Stock (EVRG)

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	3,948,600	4,100,500	4,376,800	4,506,500	4,468,500	4,321,000	4,047,100	3,846,100	4,250,800	4,600,500	4,513,800	4,472,900	3,981,100	4,018,300	4,079,700	4,122,200	4,226,300	4,294,500	5,745,300	5,393,300
Revenue (ttm)	US$ in thousands	5,508,200	5,599,900	5,839,700	5,932,000	5,859,100	5,701,600	5,409,000	5,198,700	5,586,700	5,559,000	5,460,100	5,408,600	4,913,400	4,950,600	5,010,600	5,047,600	5,147,800	5,216,000	5,220,900	4,892,600
Gross profit margin		71.69%	73.22%	74.95%	75.97%	76.27%	75.79%	74.82%	73.98%	76.09%	82.76%	82.67%	82.70%	81.03%	81.17%	81.42%	81.67%	82.10%	82.33%	110.04%	110.23%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,948,600K ÷ $5,508,200K
= 71.69%

Evergy Inc's gross profit margin has shown some fluctuations over the past eight quarters. The gross profit margin peaked at 76.32% in Q2 2022 but has generally been decreasing since then. Although there was a slight uptick in Q3 2023, hitting 70.85%, the margin increased further to 72.86% in Q4 2023. This may indicate that Evergy Inc has been able to improve its efficiency in generating revenue after a period of decline. However, it is important to monitor future trends to assess the company's ability to maintain or further enhance its gross profit margin.