LyondellBasell Industries NV (LYB)

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	5,258,000	5,119,000	4,833,000	5,966,000	6,604,000	7,650,000	9,079,000	9,393,000	8,776,000	8,105,000	6,405,000	4,172,000	3,394,000	3,304,000	3,866,000	4,720,000	5,426,000	5,439,000	5,642,000	6,052,000
Revenue (ttm)	US$ in thousands	41,107,000	41,384,000	43,009,000	47,541,000	50,451,000	53,075,000	53,525,000	50,248,000	46,173,000	41,280,000	35,356,000	29,341,000	27,753,000	27,995,000	29,941,000	33,443,000	34,727,000	35,424,000	36,857,000	38,015,000
Gross profit margin		12.79%	12.37%	11.24%	12.55%	13.09%	14.41%	16.96%	18.69%	19.01%	19.63%	18.12%	14.22%	12.23%	11.80%	12.91%	14.11%	15.62%	15.35%	15.31%	15.92%

December 31, 2023 calculation

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

The gross profit margin of LyondellBasell Industries NV has shown a declining trend over the past few quarters. In Q4 2023, the gross profit margin was 12.79%, which was lower than the previous quarter's margin of 12.37%. This decrease follows a consistent pattern of declining margins since Q2 2022 when the margin was 16.96%. Compared to the same quarter last year (Q4 2022), the gross profit margin has decreased significantly from 13.09% to 12.79%.

The declining trend in the gross profit margin may indicate challenges in managing production costs or pricing pressures affecting the company's profitability. It is essential for LyondellBasell Industries NV to closely monitor its cost structure and pricing strategies to ensure sustainable profitability in the future.