Clearwater Paper Corporation (CLW)
Gross 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 175,100 | 139,200 | 132,700 | 121,700 | 112,700 | 189,800 | 161,300 | 73,900 | 66,900 | 48,300 | 74,300 | 174,600 | 174,700 | 137,630 | 85,775 | 51,853 | 39,115 | -153,152 | -126,441 | -131,138 |
| Revenue (ttm) | US$ in thousands | 2,082,800 | 2,096,700 | 2,115,600 | 2,117,400 | 2,080,200 | 2,043,200 | 1,954,900 | 1,834,900 | 1,772,600 | 1,735,500 | 1,742,400 | 1,816,600 | 1,868,600 | 1,851,400 | 1,839,200 | 1,810,600 | 1,761,500 | 1,754,689 | 1,735,949 | 1,716,048 |
| Gross profit margin | 8.41% | 6.64% | 6.27% | 5.75% | 5.42% | 9.29% | 8.25% | 4.03% | 3.77% | 2.78% | 4.26% | 9.61% | 9.35% | 7.43% | 4.66% | 2.86% | 2.22% | -8.73% | -7.28% | -7.64% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $175,100K ÷ $2,082,800K
= 8.41%
The gross profit margin of Clearwater Paper Corp has shown fluctuations over the past eight quarters. In Q4 2023, the gross profit margin increased to 15.88%, representing an improvement compared to the previous quarters. This indicates that Clearwater Paper Corp was able to generate more profit from its sales after accounting for the cost of goods sold.
The upward trend in the gross profit margin from Q1 2023 (12.63%) to Q4 2023 suggests an improvement in the company's ability to control production costs or increase the selling price of its products. This may reflect better operational efficiency or pricing strategies implemented by Clearwater Paper Corp during this period.
Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), there is a notable increase in the gross profit margin from 12.34% to 15.88%. This improvement indicates that Clearwater Paper Corp has managed its production costs more effectively or experienced higher pricing power in the current year's fourth quarter.
Overall, the increasing trend in Clearwater Paper Corp's gross profit margin signals positive developments in the company's profitability and operational performance. However, further analysis of the underlying factors contributing to this improvement would provide more insight into the sustainability of these positive trends.