Century Aluminum Company (CENX)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -43,100 | -14,100 | -167,100 | -123,300 | -80,800 |
| Revenue | US$ in thousands | 2,123,600 | 5,722,400 | 4,157,500 | 1,605,100 | 1,836,600 |
| Net profit margin | -2.03% | -0.25% | -4.02% | -7.68% | -4.40% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-43,100K ÷ $2,123,600K
= -2.03%
Century Aluminum Company's net profit margin has fluctuated over the past five years. In 2023, the company reported a net profit margin of -2.03%, representing a slight deterioration compared to the previous year's figure of -0.25%. The negative net profit margin indicates that the company's expenses exceeded its revenue, resulting in an overall loss.
Looking back at the preceding years, Century Aluminum Company's net profit margin was also negative in 2021, 2020, and 2019, with values of -4.02%, -7.68%, and -4.40%, respectively. This trend suggests a consistent struggle to generate profits and control costs effectively over the years.
The continuous presence of negative net profit margins raises concerns about the company's financial health and efficiency in managing its operations and expenses. Investors and stakeholders may closely monitor Century Aluminum Company's efforts to improve its profitability and sustainability in the future.
Peer comparison
Dec 31, 2023