California Resources Corp (CRC)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 564,000 | 459,000 | 907,000 | 1,000,000 | 524,000 | 1,155,000 | 832,000 | 531,000 | 612,000 | -225,000 | -357,000 | -517,000 | -2,219,000 | -2,163,000 | -2,040,000 | -1,757,000 | -28,000 | 385,000 | 357,000 | 263,000 |
| 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 |
| Net profit margin | 20.14% | 16.65% | 26.50% | 27.95% | 19.36% | 43.44% | 39.21% | 31.63% | 32.40% | -15.99% | -29.07% | -43.08% | -157.38% | -115.79% | -95.33% | -69.81% | -1.06% | 12.41% | 10.99% | 8.36% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $564,000K ÷ $2,801,000K
= 20.14%
Net profit margin is a key profitability ratio that indicates the percentage of revenue that translates into profit after all expenses have been deducted. In the case of California Resources Corporation, the net profit margin has shown fluctuation over the five quarters provided.
In Q2 2023, the company achieved its highest net profit margin of 26.50%, indicating that 26.50% of its revenue translated into profit. This was followed by a slightly lower margin of 27.95% in Q1 2023. In contrast, the net profit margin decreased to 16.65% in Q3 2023, showing a dip in profitability. However, in Q4 2023, the net profit margin increased to 20.14%, showing a partial recovery from the decline in the previous quarter.
Overall, while the company has demonstrated strong profitability in some quarters, there have been fluctuations in the net profit margin over the period under consideration. It is important for California Resources Corporation to closely monitor its expenses and revenue generation to maintain and potentially improve its profitability in the future.
Peer comparison
Dec 31, 2023