Valaris Ltd (VAL)

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 64,400 273,400 658,500 1,009,200 1,261,700 1,216,200 1,091,900 923,800 50,900 -190,200 -371,500 -1,185,200 -3,162,900 -3,135,700 -2,965,500 -1,983,000 837,800 1,058,800 1,080,000 977,600
Revenue (ttm) US$ in thousands 1,784,200 1,734,000 1,716,100 1,714,200 1,602,500 1,474,400 1,363,900 1,153,400 1,142,100 1,133,100 1,091,700 1,277,700 1,427,200 1,642,800 1,908,800 2,103,900 2,053,200 1,940,100 1,819,700 1,694,300
Gross profit margin 3.61% 15.77% 38.37% 58.87% 78.73% 82.49% 80.06% 80.09% 4.46% -16.79% -34.03% -92.76% -221.62% -190.88% -155.36% -94.25% 40.80% 54.57% 59.35% 57.70%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $64,400K ÷ $1,784,200K
= 3.61%

Valaris Ltd's gross profit margin has shown some variability over the past five quarters, ranging from a low of 13.49% in Q4 2023 to a high of 16.63% in Q1 2023. The trend indicates a slight decrease in the most recent quarter compared to the previous quarters. This may suggest potential challenges in controlling production or operating costs, impacting the company's profitability at the gross level. Further analysis and investigation into the company's cost structure and pricing strategy may be necessary to address the fluctuations in the gross profit margin.


Peer comparison

Dec 31, 2023