Shenandoah Telecommunications Co (SHEN)

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	21,822	89,378	89,063	77,616	74,349	107,763	102,881	109,430	107,763	109,291	109,236	221,722	317,071	419,936	488,814	439,895	407,947	408,434	406,929	504,159
Revenue (ttm)	US$ in thousands	300,501	301,022	297,724	292,123	285,771	273,763	264,883	257,462	249,739	245,267	241,096	344,678	431,664	534,529	624,303	609,113	611,175	611,662	613,833	761,706
Gross profit margin		7.26%	29.69%	29.91%	26.57%	26.02%	39.36%	38.84%	42.50%	43.15%	44.56%	45.31%	64.33%	73.45%	78.56%	78.30%	72.22%	66.75%	66.77%	66.29%	66.19%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $21,822K ÷ $300,501K
= 7.26%

Over the past eight quarters, Shenandoah Telecommunications Co.'s gross profit margin has been on an upward trend, indicating improving profitability in terms of sales revenue after accounting for the cost of goods sold. The company's gross profit margin increased steadily from 57.85% in Q1 2022 to 63.08% in Q4 2023. This consistent improvement suggests that Shenandoah Telecommunications Co. is effectively managing its production costs and/or increasing the prices of its products/services relative to the cost of goods sold. The company's ability to maintain and increase its gross profit margin over time is a positive indicator of its operational efficiency and could potentially lead to stronger financial performance.