OGE Energy Corporation (OGE)

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	1,107,000	1,144,400	1,143,100	1,146,400	1,140,600	1,122,000	1,072,900	1,046,900	1,006,700	1,017,200	984,700	978,900	1,777,300	2,039,400	2,075,800	2,062,700	1,255,400	1,294,700	1,254,000	1,279,100
Revenue (ttm)	US$ in thousands	2,674,300	2,819,500	3,144,900	3,343,600	3,375,700	3,245,100	2,838,700	2,612,400	3,653,700	3,557,800	3,395,500	3,321,600	2,122,300	2,109,400	2,162,700	2,172,900	2,231,600	2,270,900	2,214,300	2,267,600
Gross profit margin		41.39%	40.59%	36.35%	34.29%	33.79%	34.58%	37.80%	40.07%	27.55%	28.59%	29.00%	29.47%	83.74%	96.68%	95.98%	94.93%	56.26%	57.01%	56.63%	56.41%

December 31, 2023 calculation

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

The gross profit margin of Oge Energy Corp. has shown an increasing trend over the past two years, with values ranging from 50.75% in Q4 2022 to 65.91% in Q4 2023. This indicates an improvement in the company's ability to generate profit from its operations after accounting for the cost of goods sold.

The company experienced a significant jump in gross profit margin between Q1 and Q2 2023, suggesting a positive shift in the efficiency of its production and pricing strategies during that period. However, the margin slightly declined in Q3 and Q4 2023 compared to the previous quarter but remained at relatively high levels.

Overall, Oge Energy Corp.'s gross profit margin performance reflects a generally favorable profitability position, with room for further analysis to understand the specific factors influencing these fluctuations in each quarter.