Chemours Co (CC)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,306,000 | 1,616,000 | 1,381,000 | 1,067,000 | 1,063,000 |
| Revenue | US$ in thousands | 5,818,000 | 6,638,000 | 6,139,000 | 4,737,000 | 5,318,000 |
| Gross profit margin | 22.45% | 24.34% | 22.50% | 22.52% | 19.99% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,306,000K ÷ $5,818,000K
= 22.45%
The gross profit margin of Chemours Co has exhibited some fluctuations over the past five years. In 2023, the gross profit margin stands at 22.45%, showing a slight decrease from the previous year's margin of 24.34%. Despite this decrease, the company's gross profit margin remains relatively consistent compared to 2021 and 2020, where margins were 22.50% and 22.52% respectively. The highest gross profit margin over the period was recorded in 2019 at 19.99%.
Overall, the trend in gross profit margin suggests that Chemours Co has been able to maintain a reasonable level of profitability from its core business operations, with some variability in performance from year to year. It is important for the company to continue monitoring and managing factors impacting its gross profit margin to ensure sustainable financial health and profitability.
Peer comparison
Dec 31, 2023