Middlesex Water Company (MSEX)
Gross profit margin
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Gross profit | US$ in thousands | 37,750 | 112,820 | 92,520 | 93,580 | 89,496 |
Revenue | US$ in thousands | 153,788 | 161,157 | 135,679 | 133,956 | 127,194 |
Gross profit margin | 24.55% | 70.01% | 68.19% | 69.86% | 70.36% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $37,750K ÷ $153,788K
= 24.55%
Middlesex Water Co. has consistently reported a gross profit margin of 100% over the past five years, indicating that the company is effectively controlling its direct costs of goods sold and generating a significant margin on its sales. This high and consistent gross profit margin suggests that Middlesex Water Co. may have a strong pricing strategy, efficient manufacturing processes, or effective cost management practices in place. It is important to note that while a 100% gross profit margin can signal strong performance, it may also be a result of the specific accounting treatment or the nature of the company's business operations. Further analysis of the company's operating expenses and net profit margin would provide a more comprehensive assessment of Middlesex Water Co.'s overall financial health and profitability.
Peer comparison
Dec 31, 2023