Century Aluminum Company (CENX)
Gross profit margin
| Dec 31, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 185,000 | 64,800 | 60,300 | 91,900 | 33,100 | 1,600 | 1,600 | 46,700 | 135,500 | 233,100 | 238,100 | 124,200 | 53,600 | -28,100 | -62,000 | -36,500 | -28,600 | -15,200 | -6,300 | -23,900 |
| Revenue (ttm) | US$ in thousands | 2,222,300 | 2,115,300 | 2,134,400 | 2,676,000 | 3,086,000 | 3,954,300 | 5,317,700 | 5,722,400 | 6,099,900 | 5,800,200 | 4,820,100 | 4,157,500 | 3,208,300 | 2,521,800 | 1,964,500 | 1,605,100 | 1,651,500 | 1,696,600 | 1,767,800 | 1,836,600 |
| Gross profit margin | 8.32% | 3.06% | 2.83% | 3.43% | 1.07% | 0.04% | 0.03% | 0.82% | 2.22% | 4.02% | 4.94% | 2.99% | 1.67% | -1.11% | -3.16% | -2.27% | -1.73% | -0.90% | -0.36% | -1.30% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $185,000K ÷ $2,222,300K
= 8.32%
The gross profit margin of Century Aluminum Company has shown a fluctuating trend over the periods reported. From December 31, 2019, to June 30, 2022, the company experienced negative gross profit margins, indicating that the cost of goods sold exceeded the revenues generated during those periods.
However, starting in September 30, 2022, there was a positive turn as the gross profit margin turned positive and continued to improve over subsequent periods. The company's performance improved notably by December 31, 2024, with a gross profit margin of 8.32%. This indicates that Century Aluminum Company was able to increase its profitability by effectively managing its cost of goods sold and optimizing its revenue generation during that time.
The positive trend in the gross profit margin suggests that the company may have implemented cost-cutting measures, improved operational efficiency, or experienced an increase in sales prices, contributing to its enhanced financial performance and overall profitability.
Peer comparison
Dec 31, 2024