Warrior Met Coal Inc (HCC)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 557,723 | 789,039 | 344,284 | 123,832 | 517,738 |
| Revenue | US$ in thousands | 1,703,690 | 1,735,450 | 1,045,640 | 784,294 | 1,279,610 |
| Gross profit margin | 32.74% | 45.47% | 32.93% | 15.79% | 40.46% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $557,723K ÷ $1,703,690K
= 32.74%
Warrior Met Coal Inc's gross profit margin has shown fluctuation over the past five years. The trend indicates variability in the company's ability to generate profit from its core operations. The highest gross profit margin was recorded in 2018 at 57.58%, suggesting strong operational efficiency and cost control measures. However, there was a significant drop in 2020 to 15.82%, indicating potential challenges or increased costs during that period.
The gross profit margin rebounded in 2021 to 44.94%, showing a recovery in profitability. In 2022, the margin increased further to 43.47%, which may indicate improved cost management strategies or pricing dynamics. Overall, the varying gross profit margins suggest that Warrior Met Coal Inc's ability to generate profit from its sales has been inconsistent, highlighting the importance of monitoring and analyzing operational efficiencies and cost structures.
Peer comparison
Dec 31, 2023