Celanese Corporation (CE)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,603,000 | 2,380,000 | 2,682,000 | 1,293,000 | 1,606,000 |
| Revenue | US$ in thousands | 10,746,000 | 9,349,000 | 8,518,000 | 5,580,000 | 6,284,000 |
| Gross profit margin | 24.22% | 25.46% | 31.49% | 23.17% | 25.56% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,603,000K ÷ $10,746,000K
= 24.22%
Celanese Corp's gross profit margin has exhibited fluctuations over the past five years, ranging from 22.86% in 2020 to 31.42% in 2021. The margin decreased to 24.60% in 2022 before further declining to 23.79% in 2023. These variations indicate potential shifts in the company's pricing strategy, cost structure, or competitive pressures affecting its ability to generate profits from sales. Further analysis of the underlying factors contributing to these changes would be necessary to better understand Celanese Corp's operational performance and profitability dynamics.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
Celanese Corporation
CE
24.22%
Sealed Air Corporation
SEE
29.90%