Texas Pacific Land Trust (TPL)
Gross profit margin
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 416,154 | 396,470 | 529,934 | 566,935 | 589,600 | 595,207 | 595,076 | 532,820 | 450,027 | 385,931 | 327,302 |
| Revenue (ttm) | US$ in thousands | 659,375 | 631,595 | 617,644 | 650,788 | 666,449 | 667,422 | 661,894 | 594,476 | 514,138 | 450,958 | 378,084 |
| Gross profit margin | 63.11% | 62.77% | 85.80% | 87.12% | 88.47% | 89.18% | 89.91% | 89.63% | 87.53% | 85.58% | 86.57% |
March 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $416,154K ÷ $659,375K
= 63.11%
The gross profit margin of Texas Pacific Land Trust has shown some fluctuations over the past few quarters. From March 31, 2021, to March 31, 2024, the gross profit margin ranged from a low of 63.11% to a high of 89.91%.
The trend indicates that the gross profit margin experienced a general decline from September 2021 to September 2023, where it dropped from 86.57% to 85.80%. However, there was a significant increase in the following quarter, with the margin jumping to 87.12% in June 2023.
Subsequently, there was another decrease in the gross profit margin, hitting a low of 62.77% in December 2023. The most recent data point for March 31, 2024, shows a slight improvement in the margin to 63.11%.
Overall, although there have been fluctuations in the gross profit margin of Texas Pacific Land Trust in recent quarters, the company has maintained relatively high margins above 60%, indicating efficiency in its cost management and pricing strategies.