Texas Pacific Land Trust (TPL)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | 570,847 | 429,984 | 420,523 | 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 | 705,823 | 686,696 | 671,100 | 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 | 80.88% | 62.62% | 62.66% | 63.11% | 62.77% | 85.80% | 87.12% | 88.47% | 89.18% | 89.91% | 89.63% | 87.53% | 85.58% | 86.57% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $570,847K ÷ $705,823K
= 80.88%
The gross profit margin of Texas Pacific Land Trust has shown fluctuation over the reporting periods provided. Starting at a high of 86.57% in September 2021, the margin dipped slightly to 85.58% by December 2021 before showing a steady increase through March 2022 to reach 87.53%. The trend continued positively, reaching a peak of 89.91% by September 2022. However, from that point onwards, the gross profit margin started to decline gradually, dropping to 85.80% by September 2023.
In December 2023, there was a significant decrease in the gross profit margin to 62.77%, which was further echoed in the following periods, reaching lows of 62.62% as of September 2024. This decline could signal potential challenges in maintaining profitability or cost inefficiencies during this period.
It is essential for stakeholders to delve deeper into the reasons behind the decline in the gross profit margin from 2023 onwards to evaluate the company's operational efficiency, pricing strategies, cost management, or revenue generation. Further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of Texas Pacific Land Trust's financial performance.
See also:
Texas Pacific Land Trust Gross Profit Margin (Quarterly Data)