Arch Resources Inc (ARCH)
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 | 546,454 | 627,611 | 727,897 | 1,061,638 | 1,109,411 | 1,130,532 | 1,041,362 | 651,810 | 367,130 | 54,983 | -228,095 | -306,586 | -330,140 | -233,713 | 60,448 | 172,304 | 272,974 | 351,226 | 354,485 | 365,578 |
| Revenue (ttm) | US$ in thousands | 3,129,896 | 3,214,888 | 3,332,788 | 3,697,621 | 3,689,711 | 3,567,460 | 3,296,340 | 2,625,198 | 2,121,844 | 1,745,170 | 1,536,181 | 1,404,731 | 1,453,160 | 1,646,594 | 1,882,740 | 2,132,589 | 2,281,496 | 2,382,979 | 2,395,562 | 2,416,529 |
| Gross profit margin | 17.46% | 19.52% | 21.84% | 28.71% | 30.07% | 31.69% | 31.59% | 24.83% | 17.30% | 3.15% | -14.85% | -21.83% | -22.72% | -14.19% | 3.21% | 8.08% | 11.96% | 14.74% | 14.80% | 15.13% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $546,454K ÷ $3,129,896K
= 17.46%
The gross profit margin for Arch Resources Inc has shown fluctuations over the past several quarters. There was a gradual decline in gross profit margin from the first quarter of 2021 to the second quarter of 2022, reaching negative values in the second and third quarters of 2021. However, there has been a significant improvement in the gross profit margin since then, with positive percentages recorded in the most recent quarters.
The gross profit margin increased from 17.30% in the first quarter of 2022 to 30.07% in the fourth quarter of 2022, indicating a steady recovery. The margin continued to improve into 2023, reaching a high of 28.71% in the first quarter of 2023.
Overall, the upward trend in the gross profit margin suggests that Arch Resources Inc has been able to effectively manage its production costs and generate higher revenues relative to the cost of goods sold. This could be a result of improved operational efficiency or better pricing strategies. Monitoring this metric will be crucial to assessing the company's financial performance and competitiveness in the industry.
Peer comparison
Dec 31, 2023