Chemours Co (CC)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 25,000 | -239,000 | 58,000 | 671,000 | 773,000 | 985,000 | 997,000 | 840,000 | 675,000 | 536,000 | 377,000 | 369,000 | 368,000 | 454,000 | 450,000 | 559,000 | 531,000 | 781,000 | 953,000 | 1,158,000 |
| 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 |
| Operating profit margin | 0.43% | -4.11% | 0.95% | 10.47% | 11.64% | 14.33% | 14.78% | 12.97% | 10.99% | 9.12% | 6.93% | 7.57% | 7.77% | 9.41% | 9.03% | 10.55% | 9.89% | 13.78% | 16.12% | 18.42% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $25,000K ÷ $5,881,000K
= 0.43%
The operating profit margin of Chemours Co has displayed fluctuations over the past several quarters. The operating profit margin for the most recent quarter, ending December 31, 2023, stands at 0.43%, indicating a relatively low profitability compared to previous quarters.
Looking back, there was a significant decline in operating profit margin in September 2023, where it dropped to -4.11%, reflecting a period of operating losses. However, the margin improved in the following quarter, reaching 0.95% by June 30, 2023.
Throughout the previous year, the operating profit margin generally showed a positive trend, with values exceeding 10% in certain quarters. The highest margins were observed in the quarters ending December 31, 2022, and September 30, 2022, at 11.64% and 14.33% respectively.
Overall, the operating profit margin of Chemours Co has exhibited variability, indicating fluctuations in the company's profitability over the analyzed periods. Further analysis may be warranted to understand the factors driving these fluctuations and to assess the company's long-term financial performance.
Peer comparison
Dec 31, 2023