Public Service Enterprise Group Inc (PEG)
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 | 6,553,000 | 6,942,000 | 6,985,000 | 6,554,000 | 4,946,000 | 2,084,000 | 1,842,000 | 2,056,000 | 3,147,000 | 5,637,000 | 6,452,000 | 6,619,000 | 6,624,000 | 7,556,000 | 7,503,000 | 7,631,000 | 7,559,000 | 7,549,000 | 7,535,000 | 7,026,000 |
Revenue (ttm) | US$ in thousands | 11,237,000 | 11,771,000 | 11,587,000 | 11,242,000 | 9,800,000 | 9,717,000 | 9,348,000 | 9,146,000 | 9,722,000 | 9,068,000 | 9,535,000 | 9,711,000 | 9,603,000 | 9,679,000 | 9,611,000 | 9,877,000 | 10,076,000 | 10,066,000 | 10,158,000 | 9,858,000 |
Gross profit margin | 58.32% | 58.98% | 60.28% | 58.30% | 50.47% | 21.45% | 19.70% | 22.48% | 32.37% | 62.16% | 67.67% | 68.16% | 68.98% | 78.07% | 78.07% | 77.26% | 75.02% | 75.00% | 74.18% | 71.27% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $6,553,000K ÷ $11,237,000K
= 58.32%
Public Service Enterprise Group Inc.'s gross profit margin has shown a consistent and positive trend over the past eight quarters. The company's gross profit margin has steadily increased from 59.00% in Q4 2022 to 70.99% in Q4 2023. This indicates that the company has been able to effectively control its production and operating costs while increasing its revenues. The significant improvement in the gross profit margin reflects the company's ability to generate more profit from each dollar of sales. Overall, Public Service Enterprise Group Inc. appears to be efficiently managing its cost of goods sold and is likely benefiting from economies of scale and operational efficiencies.
Peer comparison
Dec 31, 2023