PBF Energy Inc (PBF)

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	2,330,400	3,194,100	3,445,400	4,806,600	4,365,600	3,752,600	2,448,800	712,200	652,600	81,300	-450,900	32,000	-1,432,300	5,114,400	5,718,500	5,180,600	7,011,200	351,781	448,141	866,324
Revenue (ttm)	US$ in thousands	38,256,600	39,942,800	41,879,800	46,732,000	46,517,300	43,892,800	38,415,600	31,236,900	27,018,800	22,417,400	18,848,000	14,952,300	15,313,300	17,992,600	20,860,300	24,498,100	24,508,200	24,531,380	25,714,640	26,599,520
Gross profit margin		6.09%	8.00%	8.23%	10.29%	9.38%	8.55%	6.37%	2.28%	2.42%	0.36%	-2.39%	0.21%	-9.35%	28.43%	27.41%	21.15%	28.61%	1.43%	1.74%	3.26%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,330,400K ÷ $38,256,600K
= 6.09%

PBF Energy Inc's gross profit margin has shown some fluctuations over the past eight quarters. In general, the gross profit margin has displayed a gradual upward trend from Q1 2022 to Q1 2023, before experiencing a slight decline in Q4 2023. Despite this dip, the company's gross profit margin has remained relatively stable, hovering around the range of 14.30% to 17.76%.

The increase in the gross profit margin from Q1 2022 to Q1 2023 indicates an improvement in the company's ability to generate profits from its core operations. However, the slight decrease in Q4 2023 suggests potential challenges or a decrease in profitability in the most recent quarter.

It is important for investors and stakeholders to continue monitoring PBF Energy Inc's gross profit margin to assess its ability to efficiently manage production costs, pricing strategies, and overall profitability in the future.