Shenandoah Telecommunications Co (SHEN)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	156,924	151,486	142,393	161,979	181,278	177,513	172,869	166,869	159,825	150,911	148,282	145,382	143,715	144,687	140,373	213,236	267,780	324,529	381,188	365,503
Revenue (ttm)	US$ in thousands	328,058	315,156	299,399	284,941	287,379	284,881	279,963	274,643	267,371	259,963	255,283	249,962	245,239	240,767	233,696	342,522	436,019	538,884	638,863	628,251
Gross profit margin		47.83%	48.07%	47.56%	56.85%	63.08%	62.31%	61.75%	60.76%	59.78%	58.05%	58.09%	58.16%	58.60%	60.09%	60.07%	62.25%	61.41%	60.22%	59.67%	58.18%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $156,924K ÷ $328,058K
= 47.83%

The gross profit margin of Shenandoah Telecommunications Co has shown fluctuation over the periods analyzed. It started at a relatively high level of 58.18% as of March 31, 2020, and gradually increased to reach a peak of 63.08% by December 31, 2023. This upward trend indicated an improvement in the company's ability to generate profits from its core operations.

However, starting from March 31, 2024, there was a notable decline in the gross profit margin, dropping to 56.85%. The trend continued to deteriorate in the subsequent quarters, reaching a low of 47.56% by June 30, 2024. This significant decrease could suggest potential challenges in maintaining profitability levels or increased costs impacting the company's ability to generate gross profits efficiently.

It is important for investors and stakeholders to monitor this metric closely in future periods to assess whether the company can address the factors leading to the declining gross profit margin and sustain profitability levels in its operations.