Consol Energy Inc (CEIX)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,204,250 | 1,739,620 | 926,577 | 897,144 | 1,327,980 |
| Revenue | US$ in thousands | 2,568,880 | 2,101,940 | 1,258,950 | 1,021,640 | 1,430,900 |
| Gross profit margin | 85.81% | 82.76% | 73.60% | 87.81% | 92.81% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,204,250K ÷ $2,568,880K
= 85.81%
Consol Energy Inc has consistently maintained a gross profit margin of 100% over the past five years. This indicates that the company has been able to effectively control its production costs and maintain a high level of profitability relative to its revenue. A gross profit margin of 100% implies that all of the revenue generated by Consol Energy Inc was retained after accounting for the cost of goods sold. This level of efficiency in managing production costs is a positive indicator of the company's operational performance and ability to generate earnings from its core business activities. Overall, Consol Energy Inc's consistent gross profit margin suggests strong cost management and operational efficiency within the company.
Peer comparison
Dec 31, 2023