Century Aluminum Company (CENX)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 91,900 | 46,700 | 124,200 | -36,500 | -23,900 |
| Revenue | US$ in thousands | 2,123,600 | 5,722,400 | 4,157,500 | 1,605,100 | 1,836,600 |
| Gross profit margin | 4.33% | 0.82% | 2.99% | -2.27% | -1.30% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $91,900K ÷ $2,123,600K
= 4.33%
Over the past five years, Century Aluminum Company's gross profit margin has shown significant variability. The gross profit margin was negative in 2020 and 2019, indicating that the company's cost of goods sold exceeded its revenue from sales during those years.
There was a notable improvement in the gross profit margin in 2021 and 2023, reaching 2.99% and 4.33%, respectively. This indicates that the company was able to increase its revenue relative to its cost of goods sold during these periods.
However, the gross profit margin in 2022 was relatively low at 0.82%, suggesting that the company faced challenges in maintaining profitability that year.
Overall, Century Aluminum Company's gross profit margin has been volatile, reflecting fluctuations in revenue and cost structures over the past five years. The company may need to focus on cost management and revenue growth strategies to ensure more consistent and sustainable profitability in the future.
Peer comparison
Dec 31, 2023