Energy Co Of Minas Gerais Gross Margin Growth & History (CIG)

Energy Co Of Minas Gerais's gross margin was 20.48% for fiscal 2024.

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Energy Co Of Minas Gerais annual gross margin history

Energy Co Of Minas Gerais annual gross margin

Fiscal yearPeriod endedGross marginChange (percentage points)
20242024-12-3120.48%−2.27 pp
20232023-12-3122.75%+2.99 pp
20222022-12-3119.77%−0.22 pp
20212021-12-3119.98%−1.36 pp
20202020-12-3121.34%−1.77 pp
20192019-12-3123.10%+2.49 pp
20182018-12-3120.61%+1.16 pp
20172017-12-3119.45%−3.68 pp
20162016-12-3123.13%−4.69 pp
20152015-12-3127.83%

Energy Co Of Minas Gerais gross margin trends

Over the last five reported fiscal years, Energy Co Of Minas Gerais's gross margin decreased from 23.10% to 20.48%, a change of −2.62 percentage points.

About the metric

What gross margin means

Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.

Calculation and source

How gross margin is calculated

TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.

Review Energy Co Of Minas Gerais filings at SEC.gov ↗