SJW Corporation (SJW)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	176,985	171,324	156,606	156,495	59,623
Revenue	US$ in thousands	670,363	620,698	573,686	564,526	420,482
Gross profit margin		26.40%	27.60%	27.30%	27.72%	14.18%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $176,985K ÷ $670,363K
= 26.40%

SJW Group's gross profit margin has exhibited relatively stable performance over the past five years, ranging from 58.20% in 2019 to 62.50% in 2022. In 2023, the gross profit margin slightly decreased to 61.78%. This indicates that the company has been effectively managing its cost of goods sold in relation to its revenue, maintaining a healthy level of gross profit relative to sales. Although there was a slight dip in 2023, the overall trend suggests that SJW Group has been consistently achieving a solid gross profit margin, which is a positive indicator of its operational efficiency and profitability.