Xcel Energy Inc (XEL)

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	-1,973,000	-2,109,000	-2,086,000	-2,108,000	-2,054,000	-1,918,000	-1,865,000	-1,807,000	-1,789,000	-1,838,000	-1,852,000	-1,834,000	-1,813,000	-10,952,000	-7,696,000	-4,911,000	-1,573,000	11,150,000	11,188,000	10,343,000
Revenue (ttm)	US$ in thousands	14,206,000	14,817,000	15,237,000	15,639,000	15,310,000	14,612,000	13,997,000	13,641,000	13,431,000	13,023,000	12,738,000	12,256,000	11,526,000	11,377,000	11,208,000	11,199,000	11,529,000	11,611,000	11,646,000	11,727,000
Gross profit margin		-13.89%	-14.23%	-13.69%	-13.48%	-13.42%	-13.13%	-13.32%	-13.25%	-13.32%	-14.11%	-14.54%	-14.96%	-15.73%	-96.26%	-68.67%	-43.85%	-13.64%	96.03%	96.07%	88.20%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-1,973,000K ÷ $14,206,000K
= -13.89%

The gross profit margin of Xcel Energy, Inc. fluctuated over the past eight quarters. In Q4 2023, the gross profit margin increased to 59.29%, representing a significant improvement compared to the previous quarter. This marks the highest gross profit margin observed in the given period. While the trend shows a slight increase over the last two quarters, the company has generally maintained a strong gross profit margin above 54% over the past two years. This indicates efficient cost management and pricing strategies, enabling the company to generate a healthy level of profit from its core operations. Overall, the gross profit margin performance of Xcel Energy, Inc. reflects stability and effectiveness in controlling direct costs related to production and sales activities.