Celanese Corporation (CE)
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 | 2,603,000 | 2,374,000 | 2,247,000 | 2,266,000 | 2,380,000 | 2,717,000 | 2,886,000 | 2,942,000 | 2,682,000 | 2,337,000 | 1,949,000 | 1,430,000 | 1,293,000 | 1,233,000 | 1,320,000 | 1,501,000 | 1,606,000 | 1,710,000 | 1,812,000 | 1,910,000 |
| Revenue (ttm) | US$ in thousands | 10,254,000 | 10,108,000 | 9,713,000 | 9,534,000 | 9,350,000 | 9,417,000 | 9,523,000 | 9,245,000 | 8,517,000 | 7,793,000 | 6,925,000 | 5,920,000 | 5,580,000 | 5,485,000 | 5,659,000 | 6,054,000 | 6,284,000 | 6,548,000 | 6,732,000 | 6,984,000 |
| Gross profit margin | 25.39% | 23.49% | 23.13% | 23.77% | 25.45% | 28.85% | 30.31% | 31.82% | 31.49% | 29.99% | 28.14% | 24.16% | 23.17% | 22.48% | 23.33% | 24.79% | 25.56% | 26.11% | 26.92% | 27.35% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,603,000K ÷ $10,254,000K
= 25.39%
Over the past eight quarters, Celanese Corp's gross profit margin has shown a downward trend. The gross profit margin decreased from 31.71% in Q1 2022 to 23.79% in Q4 2023. This signifies a consistent decline in the company's ability to generate profits from its manufacturing operations relative to its revenues. Such a decrease could be indicative of various factors such as increased production costs, pricing pressures, or changes in the company's product mix. It is essential for the company to closely monitor and address the reasons behind this trend to ensure sustained profitability and operational efficiency in the future.
Peer comparison
Dec 31, 2023