Mercer International Inc (MERC)
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 | -284,014 | -187,456 | -64,926 | 170,511 | 318,664 | 416,453 | 416,976 | 343,426 | 244,959 | 178,739 | 105,269 | 99,212 | 130,596 | 50,898 | 58,482 | 89,081 | 158,230 | 499,462 | 756,109 | 1,007,437 |
| Revenue (ttm) | US$ in thousands | 1,902,412 | 2,022,817 | 2,095,191 | 2,150,228 | 2,225,984 | 2,170,471 | 2,102,894 | 1,921,045 | 1,713,879 | 1,611,455 | 1,462,773 | 1,394,244 | 1,358,964 | 1,291,941 | 1,356,264 | 1,439,936 | 1,568,676 | 1,576,750 | 1,533,582 | 1,482,235 |
| Gross profit margin | -14.93% | -9.27% | -3.10% | 7.93% | 14.32% | 19.19% | 19.83% | 17.88% | 14.29% | 11.09% | 7.20% | 7.12% | 9.61% | 3.94% | 4.31% | 6.19% | 10.09% | 31.68% | 49.30% | 67.97% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-284,014K ÷ $1,902,412K
= -14.93%
Mercer International Inc.'s gross profit margin has displayed a declining trend over the past eight quarters. The gross profit margin decreased from 31.85% in Q1 2022 to 7.04% in Q4 2023. This downward trajectory indicates a reduction in the percentage of revenue retained after accounting for the cost of goods sold. Factors such as changes in production costs, pricing strategies, or revenue fluctuations may have contributed to this declining trend. Further analysis and comparison with industry benchmarks are necessary to determine the root causes and potential implications for the company's financial performance.