SkyWest Inc (SKYW)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	1,565,610	1,629,490	1,606,470	-893,594	-564,849
Revenue	US$ in thousands	2,890,360	2,963,230	2,652,290	2,033,210	2,971,960
Gross profit margin		54.17%	54.99%	60.57%	-43.95%	-19.01%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,565,610K ÷ $2,890,360K
= 54.17%

Based on the data provided, Skywest Inc. has maintained a consistently high gross profit margin of 100% across the years 2019 to 2023. A gross profit margin of 100% indicates that the company is able to generate revenue from its core operations without incurring any cost of goods sold. This could potentially signify efficient cost management, pricing strategies, or a unique business model that allows the company to capture a high percentage of revenue as gross profit.

However, it is important to note that while a high gross profit margin is generally favorable, it does not provide insights into the company's overall profitability once other operating expenses are considered. Further analysis of Skywest Inc.'s net profit margin, operating expenses, and financial performance metrics would be necessary to assess the company's overall financial health and efficiency.