Chemours Co (CC)
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 | 1,306,000 | 1,253,000 | 1,412,000 | 1,499,000 | 1,617,000 | 1,808,000 | 1,803,000 | 1,570,000 | 1,381,000 | 1,301,000 | 1,131,000 | 1,066,000 | 1,067,000 | 904,000 | 941,000 | 1,065,000 | 1,063,000 | 1,313,000 | 1,496,000 | 1,730,000 |
| Revenue (ttm) | US$ in thousands | 5,881,000 | 5,818,000 | 6,130,000 | 6,410,000 | 6,639,000 | 6,872,000 | 6,744,000 | 6,477,000 | 6,141,000 | 5,876,000 | 5,441,000 | 4,873,000 | 4,737,000 | 4,824,000 | 4,981,000 | 5,297,000 | 5,371,000 | 5,668,000 | 5,912,000 | 6,286,000 |
| Gross profit margin | 22.21% | 21.54% | 23.03% | 23.39% | 24.36% | 26.31% | 26.73% | 24.24% | 22.49% | 22.14% | 20.79% | 21.88% | 22.52% | 18.74% | 18.89% | 20.11% | 19.79% | 23.17% | 25.30% | 27.52% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,306,000K ÷ $5,881,000K
= 22.21%
Chemours Co's gross profit margin has shown fluctuations over the past several quarters. The margin has ranged from a high of 27.52% in the first quarter of 2019 to a low of 18.74% in the third quarter of 2020.
In recent quarters, there has been a declining trend in the gross profit margin, with the margin dropping from 24.36% in the fourth quarter of 2022 to 22.21% in the first quarter of 2023. However, there was a slight increase to 23.03% in the second quarter of 2023 before decreasing again in the third quarter to 21.54%.
Overall, the gross profit margin of Chemours Co has been trending downward, indicating potential challenges in maintaining profitability and managing costs efficiently. It would be important for the company to closely monitor and address factors impacting its gross profit margin to sustain financial performance.
Peer comparison
Dec 31, 2023