SunCoke Energy Inc (SXC)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	1,818,400	1,723,700	1,183,000	1,062,700	178,900
Revenue	US$ in thousands	2,035,900	1,940,500	1,381,600	1,282,400	1,600,300
Gross profit margin		89.32%	88.83%	85.63%	82.87%	11.18%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,818,400K ÷ $2,035,900K
= 89.32%

SunCoke Energy Inc's gross profit margin has shown a declining trend over the past five years, starting at 20.16% in 2019 and decreasing to 16.41% in 2023. The downward movement suggests a decrease in profitability relative to its revenue during this period. The decreasing trend in the gross profit margin may indicate challenges in managing production costs, pricing strategy, or competition within the industry. Further analysis would be necessary to identify the specific factors contributing to this decline and to develop strategies to improve the company's profitability.