SkyWest Inc (SKYW)

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	1,574,210	1,393,438	1,441,592	1,552,351	1,636,491	1,906,659	1,825,695	1,192,921	615,492	683,822	157,190	97,077	51,120	205,073	210,241	272,300	353,582	413,480	354,809	291,442
Revenue (ttm)	US$ in thousands	2,890,358	2,814,694	2,837,558	2,914,438	2,963,235	3,042,161	3,003,665	2,857,719	2,652,287	2,485,562	2,186,191	1,875,348	2,067,711	2,238,559	2,531,539	2,912,994	2,971,964	3,101,452	3,170,241	3,235,332
Gross profit margin		54.46%	49.51%	50.80%	53.26%	55.23%	62.67%	60.78%	41.74%	23.21%	27.51%	7.19%	5.18%	2.47%	9.16%	8.30%	9.35%	11.90%	13.33%	11.19%	9.01%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,574,210K ÷ $2,890,358K
= 54.46%

The consistent 100.00% gross profit margin displayed by Skywest Inc. across all quarters from Q1 2022 to Q4 2023 stands out as a striking financial indicator. This high and unwavering figure signifies that the company effectively controls its production costs and maintains a healthy balance between the revenue generated from sales and the cost of goods sold. It suggests that Skywest Inc. has been able to achieve optimal efficiency in its operations, maximizing profit potential. Such a strong and stable gross profit margin indicates a solid foundation for profitability and financial health within the company.