LyondellBasell Industries NV (LYB)

Gross profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Gross profit US$ in thousands 5,258,000 6,604,000 8,776,000 3,394,000 5,426,000
Revenue US$ in thousands 41,107,000 50,451,000 46,173,000 27,753,000 34,727,000
Gross profit margin 12.79% 13.09% 19.01% 12.23% 15.62%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $5,258,000K ÷ $41,107,000K
= 12.79%

The gross profit margin of LyondellBasell Industries NV has exhibited fluctuations over the past five years. In 2023, the gross profit margin decreased to 12.79% from 13.09% in 2022. This decline may indicate potential challenges in managing the cost of goods sold relative to sales revenue. Furthermore, compared to the relatively higher margins seen in 2021 (19.01%) and 2019 (15.62%), the current margin is comparatively lower.

It is essential for the company to closely monitor and efficiently control its production and direct costs to improve its gross profit margin. Analyzing the underlying factors contributing to this decline in the margin can provide insights into potential areas for operational improvements and cost management strategies.


Peer comparison

Dec 31, 2023


See also:

LyondellBasell Industries NV Gross Profit Margin