Ovintiv Inc (OVV)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 9,607,000 | 9,666,000 | 10,559,000 | 11,869,000 | 11,217,000 | 11,397,000 | 9,711,000 | 7,640,000 | 7,550,000 | 5,288,000 | 3,387,000 | -955,000 | -356,000 | 398,000 |
| Revenue (ttm) | US$ in thousands | 10,883,000 | 10,929,000 | 11,829,000 | 13,048,000 | 12,464,000 | 12,591,000 | 10,831,000 | 8,787,000 | 8,658,000 | 6,847,000 | 6,248,000 | 5,282,000 | 6,087,000 | 6,124,000 |
| Gross profit margin | 88.28% | 88.44% | 89.26% | 90.96% | 90.00% | 90.52% | 89.66% | 86.95% | 87.20% | 77.23% | 54.21% | -18.08% | -5.85% | 6.50% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $9,607,000K ÷ $10,883,000K
= 88.28%
Based on the data provided, Ovintiv Inc has consistently maintained a gross profit margin of 100.00% across all quarters from Q1 2022 to Q4 2023. This indicates that the company has been able to effectively manage its production costs and pricing strategies to generate a high level of profitability from its core operations. A gross profit margin of 100% suggests that the company is able to sell its products or services at a price significantly higher than the cost of goods sold. This strong performance in gross profit margin reflects operational efficiency and pricing power within Ovintiv Inc, which could potentially indicate sustainable profitability and competitive advantage in the industry.
Peer comparison
Dec 31, 2023