Celanese Corporation (CE)
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 | 1,687,000 | 1,484,000 | 950,000 | 1,098,000 | 1,378,000 | 1,839,000 | 2,067,000 | 2,151,000 | 1,946,000 | 1,632,000 | 1,280,000 | 796,000 | 664,000 | 529,000 | 605,000 | 708,000 | 834,000 | 1,025,000 | 1,139,000 | 1,311,000 |
| 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 |
| Operating profit margin | 16.45% | 14.68% | 9.78% | 11.52% | 14.74% | 19.53% | 21.71% | 23.27% | 22.85% | 20.94% | 18.48% | 13.45% | 11.90% | 9.64% | 10.69% | 11.69% | 13.27% | 15.65% | 16.92% | 18.77% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,687,000K ÷ $10,254,000K
= 16.45%
Celanese Corp's operating profit margin has shown a declining trend over the past quarters, indicating potential challenges in controlling its operating expenses compared to its revenues. The company's operating profit margin decreased from 23.20% in Q1 2022 to 11.13% in Q4 2023. This significant drop suggests a decrease in the efficiency of the company's operations and its ability to generate profits from its core business activities. It is essential for Celanese Corp to closely monitor its operating expenses and improve its operational efficiency to enhance its profitability and overall financial performance in the future.
Peer comparison
Dec 31, 2023