Alpha Metallurgical Resources Inc (AMR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 997,422 | 1,471,730 | 359,433 | -257,727 | 89,015 |
| Revenue | US$ in thousands | 3,471,420 | 4,101,590 | 2,258,690 | 1,416,190 | 2,001,280 |
| Gross profit margin | 28.73% | 35.88% | 15.91% | -18.20% | 4.45% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $997,422K ÷ $3,471,420K
= 28.73%
Alpha Metallurgical Resources Inc's gross profit margin has shown varying levels of performance over the past four years. In 2023, the company achieved a gross profit margin of 32.13%, reflecting a decline from the previous year's margin of 44.27%. This decrease indicates a decrease in the efficiency of generating profits from sales compared to the prior year.
Despite the decrease in 2023, the company's gross profit margin has shown an overall improving trend since 2020 when it was at 9.55%. The significant jump in 2021 to 25.63% demonstrated an improvement in the company's ability to control production costs and increase profitability. However, the recent decrease in 2023 suggests that there may be challenges in maintaining or further improving the gross profit margin in the near term.
It is advisable for Alpha Metallurgical Resources Inc to monitor its cost structure, pricing strategies, and operational efficiencies to sustain and enhance its gross profit margin performance in the future. Additionally, the company may consider conducting a detailed analysis of its product mix, sales volumes, and cost drivers to identify areas for optimization and cost savings.
Peer comparison
Dec 31, 2023