Chemours Co (CC)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -238,000 | 578,000 | 608,000 | 219,000 | -52,000 |
| Revenue | US$ in thousands | 5,818,000 | 6,638,000 | 6,139,000 | 4,737,000 | 5,318,000 |
| Net profit margin | -4.09% | 8.71% | 9.90% | 4.62% | -0.98% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-238,000K ÷ $5,818,000K
= -4.09%
The net profit margin of Chemours Co has fluctuated over the past five years, as indicated by the data provided. In 2023, the net profit margin stood at -4.09%, reflecting a negative profitability ratio, suggesting that the company's expenses exceeded its revenues for that period. This marked a significant decrease from the previous year's net profit margin of 8.71% in 2022, which indicates a decline in profitability.
Prior to 2023, the company experienced relatively stable and positive net profit margins, with figures of 9.90% in 2021, 4.62% in 2020, and -0.98% in 2019. The highest net profit margin was observed in 2021, indicating that Chemours Co was generating a significant profit relative to its revenue in that year.
The negative trend in the net profit margin from 2022 to 2023 highlights potential challenges or inefficiencies that may have impacted the company's profitability. Further analysis of the company's financial performance and cost structure would be necessary to understand the underlying reasons for the negative net profit margin in 2023 and to identify areas for improvement.
Peer comparison
Dec 31, 2023