Century Aluminum Company (CENX)
Operating profit margin
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 31,800 | -27,900 | -55,200 | -204,000 | -150,200 | -69,200 | 22,600 | 184,200 | 66,000 | 2,300 | -75,900 | -113,000 | -80,500 | -70,200 | -57,500 | -48,800 | -72,200 | -137,700 | -128,100 | -90,300 |
| Revenue (ttm) | US$ in thousands | 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 | 1,888,000 | 1,931,800 | 1,928,700 |
| Operating profit margin | 1.19% | -0.90% | -1.40% | -3.84% | -2.62% | -1.13% | 0.39% | 3.82% | 1.59% | 0.07% | -3.01% | -5.75% | -5.02% | -4.25% | -3.39% | -2.76% | -3.93% | -7.29% | -6.63% | -4.68% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $31,800K ÷ $2,676,000K
= 1.19%
Century Aluminum Company's operating profit margin has shown fluctuations over the past few quarters. The operating profit margin was positive at 1.19% in December 2023, indicating that the company made a modest profit relative to its operating revenues. However, this performance declined in the preceding quarter to -0.90%, showing a loss on operations.
The company faced challenges in maintaining profitability in the recent periods, with operating profit margin dropping to -1.40% in June 2023 and further declining to -3.84% in March 2023. These negative margins suggest that Century Aluminum Company's operating expenses exceeded its operating income during these periods.
Looking back at March 2022, the company experienced a notable improvement in operating profit margin, reaching 3.82%, which indicates a healthier level of profitability. This positive trend continued into the following quarters, but the margins remained relatively low at 1.59% in December 2021 and 0.07% in September 2021.
During the first quarter of 2021, Century Aluminum Company faced challenges with its operating profit margin dropping to -5.75%, and this trend continued with margins of -5.02% and -4.25% in December 2020 and September 2020, respectively. The company managed to partially offset the decline with a slight improvement to -3.39% in June 2020 and -2.76% in March 2020.
Overall, Century Aluminum Company's operating profit margin has been volatile and has experienced both positive and negative trends in recent quarters. Management should closely monitor expenses and revenue generation to improve the company's operational efficiency and sustain profitability in the future.
Peer comparison
Dec 31, 2023