Celanese Corporation (CE)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,960,000 | 1,894,000 | 1,890,000 | 1,985,000 | 852,000 |
| Revenue | US$ in thousands | 10,746,000 | 9,349,000 | 8,518,000 | 5,580,000 | 6,284,000 |
| Net profit margin | 18.24% | 20.26% | 22.19% | 35.57% | 13.56% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,960,000K ÷ $10,746,000K
= 18.24%
The net profit margin of Celanese Corp has shown fluctuations over the past five years. In 2023, the net profit margin was 17.92%, a decrease from the previous year's figure of 19.58%. This downward trend contrasts with the generally increasing trend seen from 2019 to 2022. The highest net profit margin of 35.10% was recorded in 2020, indicating strong profitability during that year. However, the margin decreased in 2021 and further in 2023.
It is important to assess the reasons behind these fluctuations in the net profit margin to understand the company's profitability performance and strategy. Various factors such as changes in revenue, cost management, economic conditions, and industry competition could have influenced these fluctuations. Further analysis of the company's financial statements and external factors impacting its business may provide deeper insights into the trends observed in its net profit margin.
Peer comparison
Dec 31, 2023