Core Laboratories NV (CLB)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024
Gross profit (ttm)	US$ in thousands	59,041	513,324	501,121	495,132
Revenue (ttm)	US$ in thousands	520,526	517,009	504,808	498,822
Gross profit margin		11.34%	99.29%	99.27%	99.26%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $59,041K ÷ $520,526K
= 11.34%

Based on the provided data, Core Laboratories NV has demonstrated a consistently high gross profit margin over the first three quarters of 2024, ranging from 99.26% to 99.29%. This indicates that the company is effectively managing its production costs and generating strong revenues relative to its cost of goods sold during this period.

However, in December 2024, the gross profit margin significantly decreased to 11.34%. This sharp decline could be attributed to various factors such as an increase in production costs, pricing pressures, or a decrease in sales prices without a proportional reduction in costs. It is essential for the company to closely analyze the reasons behind this decrease and take necessary actions to improve its profitability moving forward.

Overall, Core Laboratories NV's gross profit margin performance in 2024 has been mostly positive, but the sudden drop in December raises concerns and highlights the importance of monitoring and managing cost structures to maintain profitability.