Nabors Industries Ltd (NBR)
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 | 790,327 | 755,188 | 786,617 | 694,381 | 547,982 | 1,116,185 | 1,015,906 | 982,231 | 969,310 | 696,610 | 664,708 | 688,480 | 511,928 | 782,793 | 787,751 | 735,422 | 986,122 | 1,053,941 | 1,204,657 | 1,349,911 |
| Revenue (ttm) | US$ in thousands | 2,824,854 | 2,824,158 | 2,835,559 | 2,686,524 | 2,442,417 | 2,896,069 | 2,695,320 | 2,563,727 | 2,469,769 | 1,795,405 | 1,690,978 | 1,723,505 | 1,980,035 | 2,250,900 | 2,571,586 | 2,806,404 | 2,867,832 | 2,935,651 | 3,017,736 | 3,064,840 |
| Gross profit margin | 27.98% | 26.74% | 27.74% | 25.85% | 22.44% | 38.54% | 37.69% | 38.31% | 39.25% | 38.80% | 39.31% | 39.95% | 25.85% | 34.78% | 30.63% | 26.21% | 34.39% | 35.90% | 39.92% | 44.05% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $790,327K ÷ $2,824,854K
= 27.98%
Over the past eight quarters, Nabors Industries Ltd has shown a generally increasing trend in its gross profit margin. The company's gross profit margin has improved steadily from 35.60% in Q1 2022 to 40.44% in Q4 2023. This indicates that the company has been effectively managing its production costs and generating more revenue from its core operations over the period under review. The consistent growth in the gross profit margin reflects Nabors Industries Ltd's ability to maintain profitability and enhance operational efficiency. Continued monitoring of the gross profit margin will be important to assess the company's performance in effectively managing its production costs and pricing strategies in the future.
Peer comparison
Dec 31, 2023