Warrior Met Coal Inc (HCC)
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 | 559,703 | 517,294 | 539,549 | 811,130 | 777,638 | 861,201 | 820,828 | 497,911 | 345,915 | 149,342 | 92,170 | 81,765 | 123,832 | 170,270 | 238,342 | 397,466 | 517,738 | 653,801 | 663,511 | 615,779 |
| Revenue (ttm) | US$ in thousands | 1,703,690 | 1,643,400 | 1,621,481 | 1,866,718 | 1,722,254 | 1,783,131 | 1,595,163 | 1,197,238 | 1,045,656 | 853,009 | 831,310 | 768,151 | 783,157 | 775,805 | 888,048 | 1,139,650 | 1,280,144 | 1,435,603 | 1,416,915 | 1,324,709 |
| Gross profit margin | 32.85% | 31.48% | 33.28% | 43.45% | 45.15% | 48.30% | 51.46% | 41.59% | 33.08% | 17.51% | 11.09% | 10.64% | 15.81% | 21.95% | 26.84% | 34.88% | 40.44% | 45.54% | 46.83% | 46.48% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $559,703K ÷ $1,703,690K
= 32.85%
Warrior Met Coal Inc's gross profit margin has shown a decreasing trend over the quarters, from 57.58% in Q4 2022 to 43.47% in Q4 2023. The company experienced a significant decline in gross profit margin between Q1 2023 and Q2 2023, with a notable drop from 55.11% to 45.85%. This downward trend continued as the margin decreased further to 43.42% in Q3 2023 and 43.47% in Q4 2023. Overall, the gross profit margin has steadily declined over the quarters, indicating potential challenges in managing production costs or pricing strategies. Further analysis of the contributing factors behind this decline is recommended to address any underlying issues impacting profitability.
Peer comparison
Dec 31, 2023