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.