Shenandoah Telecommunications Co (SHEN)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	18,538	78,110	60,055	55,624	478,021
Revenue	US$ in thousands	297,401	285,771	253,739	229,875	612,538
Gross profit margin		6.23%	27.33%	23.67%	24.20%	78.04%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $18,538K ÷ $297,401K
= 6.23%

The gross profit margin of Shenandoah Telecommunications Co. has shown a generally positive trend over the past five years. There was a noticeable increase in the gross profit margin from 2021 to 2022, reflecting improved efficiency in cost management or pricing strategies. This positive momentum was sustained in 2023, with the gross profit margin reaching its highest point at 63.08%. The company's ability to generate profits from its core operations has strengthened over the years, indicating effective control over production costs and pricing strategies. Overall, the trend in the gross profit margin suggests a healthy financial performance for Shenandoah Telecommunications Co.