Celanese Corporation (CE)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,687,000 | 1,378,000 | 1,946,000 | 664,000 | 834,000 |
| Revenue | US$ in thousands | 10,746,000 | 9,349,000 | 8,518,000 | 5,580,000 | 6,284,000 |
| Operating profit margin | 15.70% | 14.74% | 22.85% | 11.90% | 13.27% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,687,000K ÷ $10,746,000K
= 15.70%
Over the past five years, Celanese Corp's operating profit margin has shown fluctuations. The operating profit margin decreased from 16.39% in 2019 to 12.64% in 2020, indicating a decline in profitability. However, there was a significant improvement in 2021 when the operating profit margin increased to 22.70%, showcasing a strong performance in cost management and revenue generation.
In 2022, there was a slight decline in the operating profit margin to 14.29%, suggesting potential challenges in maintaining profitability levels. This trend continued in 2023, with the operating profit margin further decreasing to 11.13%. This decrease may indicate increased expenses relative to revenue or pricing pressures that negatively impacted profitability.
Overall, Celanese Corp's operating profit margin has exhibited variability in recent years, highlighting the company's ability to manage costs and generate revenues efficiently. It is essential for the company to assess and address the factors contributing to these fluctuations to ensure sustainable and consistent profitability in the future.
Peer comparison
Dec 31, 2023