Chemours Co (CC)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -245,000 | 772,000 | 676,000 | 367,000 | 348,000 |
| Revenue | US$ in thousands | 5,818,000 | 6,638,000 | 6,139,000 | 4,737,000 | 5,318,000 |
| Operating profit margin | -4.21% | 11.63% | 11.01% | 7.75% | 6.54% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-245,000K ÷ $5,818,000K
= -4.21%
The operating profit margin of Chemours Co has fluctuated over the past five years. In 2023, the company reported a negative operating profit margin of -4.21%, indicating that its operating expenses exceeded its operating income, leading to a loss at the operating level.
In the prior year, 2022, the operating profit margin was relatively high at 11.63%, demonstrating strong operational efficiency and profitability. This was consistent with the trend in 2021, where the operating profit margin was 11.01%, showing continued profitability.
In 2020 and 2019, the operating profit margin was 7.75% and 6.54%, respectively. These figures suggest that the company was able to generate a moderate level of operating income in those years in relation to its revenue.
Overall, the fluctuation in Chemours Co's operating profit margin highlights the importance of managing operating expenses effectively to sustain and improve profitability levels. Further analysis of the company's cost structure and revenue streams may provide insights into the factors driving these variations.
Peer comparison
Dec 31, 2023