California Resources Corp (CRC)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,439,000 | 2,397,000 | 1,546,000 | 429,000 | 769,000 |
| Revenue | US$ in thousands | 2,801,000 | 2,707,000 | 1,889,000 | 2,634,000 | 3,064,000 |
| Gross profit margin | 87.08% | 88.55% | 81.84% | 16.29% | 25.10% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,439,000K ÷ $2,801,000K
= 87.08%
Based on the data provided, California Resources Corporation has maintained a consistent gross profit margin of 100% for the years ended December 31, 2021, 2022, and 2023. A gross profit margin of 100% indicates that the company is able to generate revenue equal to its cost of goods sold, resulting in a total gross profit on sales. This exceptional performance suggests that the company is effectively controlling its production costs and maximizing profitability from its operations. However, it is important to note that a gross profit margin of 100% may be considered unusual and could warrant further investigation or validation to ensure the accuracy of the reported figures.
Peer comparison
Dec 31, 2023