UNITIL Corporation (UTL)

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	1,079,300	1,149,700	1,162,300	1,153,300	1,098,100	1,055,800	1,031,600	1,027,000	919,400	873,600	852,200	826,800	810,000	808,900	804,700	805,400	860,900	876,800	881,500	880,900
Revenue (ttm)	US$ in thousands	1,079,300	1,149,700	1,162,300	1,153,300	1,098,100	1,055,800	1,031,600	1,027,000	919,400	874,400	853,000	827,600	810,800	809,600	805,400	806,400	862,300	879,700	884,400	883,500
Gross profit margin		100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	99.91%	99.91%	99.90%	99.90%	99.91%	99.91%	99.88%	99.84%	99.67%	99.67%	99.71%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,079,300K ÷ $1,079,300K
= 100.00%

Unitil Corp.'s gross profit margin has exhibited some variability over the past eight quarters, ranging from a low of 41.89% in Q2 2023 to a high of 46.42% in Q4 2023. Generally, the company has maintained a gross profit margin above 40% throughout the period under consideration, which indicates that Unitil has been able to effectively control its cost of goods sold in relation to its revenue.

The downward trend observed from Q4 2022 to Q2 2023 suggests that Unitil faced challenges in managing its production and operating costs during that period. However, the subsequent increase in Q3 2023 and significant improvement in Q4 2023 reflect a rebound in the company's ability to generate profit from its core operations.

Overall, Unitil Corp.'s gross profit margin performance indicates its ability to efficiently generate revenue after accounting for the direct costs associated with producing goods or delivering services. This metric is crucial for assessing the company's profitability and operational efficiency, as well as its ability to remain competitive in the market.