Pinnacle West Capital Corp (PNW)
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 | ||
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Gross profit (ttm) | US$ in thousands | 1,766,772 | 1,738,760 | 1,641,564 | 1,649,225 | 1,621,477 | 1,655,488 | 1,645,723 | 1,689,025 | 1,696,311 | 1,680,959 | 1,714,944 | 1,684,733 | 1,666,350 | 2,108,567 | 2,207,027 | 2,297,258 | 2,489,548 | 2,575,533 | 2,610,140 | 2,701,380 |
Revenue (ttm) | US$ in thousands | 4,695,989 | 4,713,725 | 4,545,835 | 4,485,805 | 4,324,381 | 4,113,928 | 3,952,308 | 3,890,888 | 3,803,832 | 3,745,936 | 3,692,186 | 3,621,526 | 3,586,981 | 3,516,411 | 3,452,701 | 3,392,612 | 3,471,212 | 3,557,197 | 3,634,437 | 3,739,059 |
Gross profit margin | 37.62% | 36.89% | 36.11% | 36.77% | 37.50% | 40.24% | 41.64% | 43.41% | 44.59% | 44.87% | 46.45% | 46.52% | 46.46% | 59.96% | 63.92% | 67.71% | 71.72% | 72.40% | 71.82% | 72.25% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,766,772K ÷ $4,695,989K
= 37.62%
The gross profit margin for Pinnacle West Capital Corp. has exhibited some fluctuations over the past eight quarters. The margin has ranged from a high of 68.66% in Q1 2022 to a low of 60.09% in Q2 2023. Overall, the trend shows a gradual decline in the gross profit margin from 67.06% in Q2 2022 to 61.83% in Q4 2023, indicating potential challenges in maintaining profitability from sales after deducting the cost of goods sold. Further analysis would be required to understand the specific factors driving these fluctuations and their implications for the company's financial performance and operational efficiency.
Peer comparison
Dec 31, 2023