Atmos Energy's gross profit for the
three
months ended in Dec. 2023 was $653 Mil. Atmos Energy's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $2,151 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Atmos Energy's gross profit for the
three
months ended in Dec. 2023 was $653 Mil. Atmos Energy's Revenue for the
three
months ended in Dec. 2023 was $1,158 Mil. Therefore, Atmos Energy's Gross Margin % for the quarter that ended in Dec. 2023 was 56.39%.
Atmos Energy had a gross margin of 56.39% for the quarter that ended in Dec. 2023 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of Atmos Energy was 54.45%. The lowest was 21.80%. And the median was 47.30%.
Atmos Energy Gross Profit Historical Data
The historical data trend for Atmos Energy's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Atmos Energy's Gross Profit
For the Utilities - Regulated Gas subindustry, Atmos Energy's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Atmos Energy's Gross Profit Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Atmos Energy's Gross Profit distribution charts can be found below:
* The bar in red indicates where Atmos Energy's Gross Profit falls into.
Atmos Energy Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Atmos Energy's Gross Profit for the fiscal year that ended in Sep. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,151 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Atmos Energy (NYSE:ATO) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Atmos Energy had a gross margin of 56.39% for the quarter that ended in Dec. 2023 => Durable competitive advantage
Atmos Energy Gross Profit Related Terms
Thank you for viewing the detailed overview of Atmos Energy's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Atmos Energy is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than 3 million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. About two thirds of its earnings come from Texas, where it distributes natural gas in northern Texas and owns an intrastate gas pipeline spanning several key shale gas formations and interconnected with five storage facilities.
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