UGI Corporation (UGI)
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 | 392,000 | -892,000 | -792,000 | 39,000 | 1,111,000 | 2,045,000 | 1,669,000 | 1,973,000 | 1,322,000 | 1,893,000 | 3,037,000 | 2,796,600 | 2,961,100 | 3,331,300 | 3,357,700 | 3,654,800 | 5,289,900 | 6,495,300 | 6,618,000 | 7,426,900 |
| Revenue (ttm) | US$ in thousands | 8,290,000 | 8,928,000 | 9,458,000 | 9,832,000 | 10,192,000 | 10,106,000 | 9,610,000 | 9,073,000 | 8,188,000 | 7,447,000 | 7,133,000 | 6,836,000 | 6,484,000 | 6,559,000 | 6,585,000 | 6,750,000 | 7,127,000 | 7,320,000 | 7,443,100 | 7,520,000 |
| Gross profit margin | 4.73% | -9.99% | -8.37% | 0.40% | 10.90% | 20.24% | 17.37% | 21.75% | 16.15% | 25.42% | 42.58% | 40.91% | 45.67% | 50.79% | 50.99% | 54.15% | 74.22% | 88.73% | 88.91% | 98.76% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $392,000K ÷ $8,290,000K
= 4.73%
The gross profit margin of UGI Corp. has exhibited fluctuations over the recent quarters. In Q1 2024, the gross profit margin stood at 39.29%, showing a notable improvement from the previous quarter's figure of 22.30% in Q4 2023. This increase suggests that the company was able to effectively control its production costs and increase its profitability from the sale of goods.
However, when compared to the gross profit margins in the earlier quarters of 2023, the Q1 2024 margin is still lower. The company's margin was stronger in Q2 and Q3 2022, at 48.57% and 54.84% respectively, but has been on a decreasing trend since then. The lowest point in the recent period was in Q3 2023 at 21.97%.
Overall, UGI Corp. has shown some variability in its gross profit margin, with Q1 2024 reflecting a positive trend compared to the immediate preceding quarter. It may be important for stakeholders to further investigate the factors driving these fluctuations to assess the company's operational efficiency and profitability prospects.
Peer comparison
Dec 31, 2023