Albemarle Corp (ALB)

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	1,185,909	2,891,281	3,880,157	3,902,094	3,074,584	2,309,858	1,515,321	1,183,314	997,971	1,026,797	1,031,580	1,016,522	994,853	1,067,944	1,123,755	1,216,310	1,257,778	1,239,651	1,210,321	1,195,763
Revenue (ttm)	US$ in thousands	9,617,200	9,882,020	9,663,220	8,772,620	7,320,100	5,593,324	4,332,090	3,626,396	3,327,957	3,312,900	3,229,202	3,219,355	3,128,909	3,242,326	3,375,205	3,496,208	3,589,427	3,518,562	3,416,563	3,385,385
Gross profit margin		12.33%	29.26%	40.15%	44.48%	42.00%	41.30%	34.98%	32.63%	29.99%	30.99%	31.95%	31.58%	31.80%	32.94%	33.29%	34.79%	35.04%	35.23%	35.43%	35.32%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,185,909K ÷ $9,617,200K
= 12.33%

Albemarle Corp.'s gross profit margin has shown some fluctuations over the quarters provided. In Q1 2022, the gross profit margin was 32.63%, which increased to 34.98% in Q2 2022. The margin continued to rise to 41.30% in Q3 2022 before peaking at 42.00% in Q4 2022.

However, there was a significant drop in Q1 2023, where the gross profit margin decreased to 44.48%. This decline continued in the subsequent quarters, with the margin reaching its lowest point at 12.33% in Q4 2023.

The trend indicates that there was a period of improvement followed by a downward trend in the gross profit margin for Albemarle Corp. It would be valuable for stakeholders to further investigate the reasons behind these fluctuations to better understand the company's performance and make informed decisions.