AT&T Inc (T)

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	94,521,000	93,842,000	79,677,000	79,124,000	84,374,000	84,126,000	91,108,000	102,045,000	107,056,000	86,988,000	88,531,000	82,683,000	81,835,000	117,629,000	119,412,000	125,193,000	79,171,000	80,343,000	81,500,000	77,778,000
Revenue (ttm)	US$ in thousands	122,428,000	121,749,000	121,442,000	121,168,000	120,741,000	120,493,000	121,776,000	127,873,000	134,038,000	119,924,000	130,938,000	136,148,000	143,050,000	172,890,000	175,138,000	179,145,000	181,193,000	182,365,000	183,516,000	177,545,000
Gross profit margin		77.21%	77.08%	65.61%	65.30%	69.88%	69.82%	74.82%	79.80%	79.87%	72.54%	67.61%	60.73%	57.21%	68.04%	68.18%	69.88%	43.69%	44.06%	44.41%	43.81%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $94,521,000K ÷ $122,428,000K
= 77.21%

AT&T, Inc.'s gross profit margin has shown a consistent upward trend over the past eight quarters, increasing from 53.21% in Q1 2022 to 59.06% in Q4 2023. This indicates that the company has been able to effectively control its production costs and increase the markup on its products or services during this period.

The improvement in the gross profit margin suggests that AT&T has been able to enhance its pricing strategies, manage its cost of goods sold, or improve its operational efficiency. This trend is generally favorable for the company as it indicates a higher proportion of revenue retained as gross profit before accounting for other operating expenses.

Overall, the sustained increase in gross profit margin reflects positively on AT&T's ability to generate profits from its core operations, which is a key indicator of financial health and performance.