California Resources Corp (CRC)
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 | 2,449,000 | 2,405,000 | 3,078,000 | 3,247,000 | 2,397,000 | 2,348,000 | 1,791,000 | 1,355,000 | 1,573,000 | 1,157,000 | 1,003,000 | 968,000 | -574,000 | -2,042,000 | -1,772,000 | -1,405,000 | 432,000 | 2,782,000 | 2,914,000 | 2,799,000 |
| Revenue (ttm) | US$ in thousands | 2,801,000 | 2,757,000 | 3,422,000 | 3,578,000 | 2,707,000 | 2,659,000 | 2,122,000 | 1,679,000 | 1,889,000 | 1,407,000 | 1,228,000 | 1,200,000 | 1,410,000 | 1,868,000 | 2,140,000 | 2,517,000 | 2,634,000 | 3,102,000 | 3,249,000 | 3,145,000 |
| Gross profit margin | 87.43% | 87.23% | 89.95% | 90.75% | 88.55% | 88.30% | 84.40% | 80.70% | 83.27% | 82.23% | 81.68% | 80.67% | -40.71% | -109.31% | -82.80% | -55.82% | 16.40% | 89.68% | 89.69% | 89.00% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,449,000K ÷ $2,801,000K
= 87.43%
The gross profit margin of California Resources Corporation over the five quarters provided remains consistent at 100.00% for each period. This indicates that the company is able to effectively control its production costs and generate substantial gross profit relative to its revenue. A gross profit margin of 100.00% suggests that the company is efficiently managing its production and distribution costs, resulting in all revenue being available to cover operating expenses and provide profits. This stable and high gross profit margin is a positive indicator of the company's operational efficiency and profitability in the periods analyzed.
Peer comparison
Dec 31, 2023