Par Pacific Holdings Inc (PARR)

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	1,196,824	1,060,485	1,087,548	1,186,799	795,620	702,700	502,220	226,236	227,712	842,628	736,039	791,545	717,630	1,401,255	1,430,025	1,509,868	2,774,389	2,254,371	3,037,823	3,747,642
Revenue (ttm)	US$ in thousands	8,174,420	7,803,130	7,283,650	7,602,180	7,263,690	6,745,960	5,998,020	5,106,960	4,643,589	4,081,364	3,458,832	2,757,379	3,072,260	3,755,885	4,466,717	5,356,960	5,344,170	4,824,152	4,340,218	3,796,940
Gross profit margin		14.64%	13.59%	14.93%	15.61%	10.95%	10.42%	8.37%	4.43%	4.90%	20.65%	21.28%	28.71%	23.36%	37.31%	32.02%	28.19%	51.91%	46.73%	69.99%	98.70%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,196,824K ÷ $8,174,420K
= 14.64%

The gross profit margin of Par Pacific Holdings Inc has shown a fluctuating trend over the past eight quarters. In Q4 2023, the gross profit margin reached 16.93%, which was an improvement compared to the previous quarter but still slightly lower than the beginning of the year.

Looking at the longer-term trend, the company has shown significant improvement in its gross profit margin since Q1 2022, where it stood at 7.19%. Since then, there has been a consistent upward trajectory, indicating potentially better cost management or pricing strategies.

While the latest quarter's gross profit margin is not as high as it was in Q1 2023, the overall trend suggests that the company has been able to increase its profitability on sales over time. It would be crucial to monitor future quarters to determine if this positive trend continues and assess any potential impacts on the company's overall financial performance.