IDACORP Inc (IDA)

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	1,556,628	1,556,094	1,579,657	1,545,166	1,481,805	1,397,877	1,318,060	1,327,881	1,297,839	1,300,900	1,267,733	1,220,863	1,201,256	1,144,255	1,108,197	1,104,845	1,168,401	1,173,546	1,206,771	1,233,519
Revenue (ttm)	US$ in thousands	1,557,806	1,553,827	1,579,873	1,546,401	1,482,913	1,398,151	1,318,513	1,330,616	1,303,710	1,309,887	1,277,650	1,230,061	1,209,724	1,186,219	1,150,976	1,148,403	1,212,348	1,225,056	1,256,488	1,281,147
Gross profit margin		99.92%	100.15%	99.99%	99.92%	99.93%	99.98%	99.97%	99.79%	99.55%	99.31%	99.22%	99.25%	99.30%	96.46%	96.28%	96.21%	96.38%	95.80%	96.04%	96.28%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,556,628K ÷ $1,557,806K
= 99.92%

Idacorp, Inc.'s gross profit margin has fluctuated over the past eight quarters. The Q4 2023 gross profit margin of 71.61% reflects an increase compared to the previous quarter and a significant improvement compared to Q1 2023. However, it is still slightly lower than the peak reported in Q2 2022. Generally, the company has maintained a relatively high gross profit margin above 60%, demonstrating strong profitability in its operations. Further analysis and comparison with industry peers can provide deeper insights into the company's operational efficiency and pricing strategies.