SJW Corporation (SJW)

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	176,985	188,240	177,405	179,294	171,324	156,595	155,219	157,109	156,606	152,308	154,289	157,094	156,495	121,265	84,656	57,654	44,698	57,716	67,398	69,826
Revenue (ttm)	US$ in thousands	670,363	670,399	641,537	633,692	620,698	589,061	580,003	583,203	573,686	569,649	568,589	563,557	564,526	554,664	502,798	458,554	420,482	393,362	404,218	400,339
Gross profit margin		26.40%	28.08%	27.65%	28.29%	27.60%	26.58%	26.76%	26.94%	27.30%	26.74%	27.14%	27.88%	27.72%	21.86%	16.84%	12.57%	10.63%	14.67%	16.67%	17.44%

December 31, 2023 calculation

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

The gross profit margin of SJW Group has ranged between 60.25% to 63.50% over the past eight quarters. The company experienced a slight decrease in gross profit margin in Q4 2023 compared to the previous quarter, dropping to 61.78%. Despite this dip, the gross profit margin has generally remained above 60% in recent quarters, indicating strong control over production costs and efficient operations. Overall, SJW Group has maintained a relatively stable gross profit margin, reflecting consistency in its ability to generate profits from its core business activities.