OGE Energy Corporation (OGE)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	1,107,000	1,140,600	1,006,700	204,500	995,100
Revenue	US$ in thousands	2,674,300	3,375,700	3,653,700	2,122,300	2,231,600
Gross profit margin		41.39%	33.79%	27.55%	9.64%	44.59%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,107,000K ÷ $2,674,300K
= 41.39%

The gross profit margin of Oge Energy Corp. has exhibited fluctuations over the past five years. In 2023, the gross profit margin increased to 65.91%, showing improvement from the preceding year. This signifies that the company was able to retain a higher percentage of revenue after accounting for the cost of goods sold. The significant rise in the gross profit margin in 2023 suggests improved efficiency in production and cost management compared to 2022 when the margin was recorded at 50.75%.

Looking back further, in 2021, the gross profit margin stood at 41.77%, indicating a lower profitability level compared to the recent years. However, in 2020, the company experienced a substantial rise in the gross profit margin to 69.63%, suggesting a strong performance in that year. Similarly, in 2019, the margin was at 64.74%, showcasing consistency in maintaining profitability levels.

Overall, the fluctuations in Oge Energy Corp.'s gross profit margin over the past five years indicate varying levels of efficiency in managing production costs and pricing strategies. It is essential for the company to analyze the underlying factors driving these fluctuations to ensure sustainable and consistent profitability in the future.