Century Aluminum Company (CENX)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 31,800 | -150,200 | 66,000 | -80,500 | -72,100 |
| Revenue | US$ in thousands | 2,123,600 | 5,722,400 | 4,157,500 | 1,605,100 | 1,836,600 |
| Operating profit margin | 1.50% | -2.62% | 1.59% | -5.02% | -3.93% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $31,800K ÷ $2,123,600K
= 1.50%
Century Aluminum Company's operating profit margin has exhibited significant fluctuations over the past five years. In 2023, the company achieved an operating profit margin of 1.50%, indicating that for every dollar of revenue generated, the company retained $0.015 as operating profit. This represents an improvement compared to the previous year's negative operating profit margin of -2.62%.
The positive trend in operating profit margin in 2023 signifies better operational efficiency and cost management by Century Aluminum Company. It is essential for the company to sustain this positive momentum in order to enhance profitability and generate value for its stakeholders.
Analyzing the historical data, the company's operating profit margin was also positive in 2021, at 1.59%, but had shown a negative trend in 2020 and 2019. This suggests that Century Aluminum Company has experienced challenges in maintaining consistent profitability in recent years.
Overall, the analysis of Century Aluminum Company's operating profit margin highlights the importance of continuous monitoring and improvement in operational performance to ensure sustainable and favorable financial outcomes.
Peer comparison
Dec 31, 2023