Phillips 66 (PSX)
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 | 16,907,000 | 17,487,000 | 20,098,000 | 23,591,000 | 21,498,000 | 19,812,000 | 14,592,000 | 9,540,000 | 7,673,000 | 22,429,000 | 20,778,000 | 19,703,000 | 17,624,000 | 30,340,000 | 32,572,000 | 34,669,000 | 37,050,000 | 37,023,000 | 38,021,000 | 38,096,000 |
Revenue (ttm) | US$ in thousands | 147,811,000 | 151,287,000 | 158,181,000 | 173,624,000 | 175,470,000 | 167,636,000 | 152,331,000 | 129,770,000 | 114,646,000 | 98,020,000 | 83,151,000 | 66,441,000 | 65,456,000 | 78,172,000 | 89,782,000 | 107,160,000 | 109,529,000 | 109,502,000 | 112,260,000 | 113,560,000 |
Gross profit margin | 11.44% | 11.56% | 12.71% | 13.59% | 12.25% | 11.82% | 9.58% | 7.35% | 6.69% | 22.88% | 24.99% | 29.65% | 26.92% | 38.81% | 36.28% | 32.35% | 33.83% | 33.81% | 33.87% | 33.55% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $16,907,000K ÷ $147,811,000K
= 11.44%
Over the past eight quarters, Phillips 66 has shown consistent improvement in its gross profit margin, with a positive trend from Q1 2022 to Q4 2023. The company's gross profit margin increased steadily from 8.33% in Q1 2022 to 13.10% in Q4 2023. This upward trajectory indicates that Phillips 66 has been effectively managing its production costs and generating higher revenues relative to its cost of goods sold over the period. The company's ability to maintain and expand its gross profit margin reflects efficiency in its operations and pricing strategies, which can contribute to overall profitability and shareholder value.
Peer comparison
Dec 31, 2023