Valaris Ltd (VAL)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 928,800 | 398,700 | 287,800 | 163,300 | 139,500 | 141,600 | 181,100 | 193,100 | 128,100 | 66,600 | 16,700 | -27,800 | -61,000 | -198,300 | -370,600 | -468,700 | -419,500 | -241,600 | -42,500 | 154,500 |
| Revenue (ttm) | US$ in thousands | 2,362,600 | 2,262,000 | 2,074,000 | 1,879,100 | 1,784,200 | 1,734,000 | 1,716,100 | 1,714,200 | 1,602,500 | 1,474,400 | 1,363,900 | 1,243,700 | 1,232,400 | 1,223,400 | 1,182,000 | 1,277,700 | 1,427,200 | 1,642,800 | 1,908,800 | 2,103,900 |
| Gross profit margin | 39.31% | 17.63% | 13.88% | 8.69% | 7.82% | 8.17% | 10.55% | 11.26% | 7.99% | 4.52% | 1.22% | -2.24% | -4.95% | -16.21% | -31.35% | -36.68% | -29.39% | -14.71% | -2.23% | 7.34% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $928,800K ÷ $2,362,600K
= 39.31%
The gross profit margin of Valaris Ltd has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The trend indicates a gradual recovery from negative margins to positive margins in recent periods.
Initially, the gross profit margin was quite low, starting at 7.34% on March 31, 2020, and declining to as low as -36.68% by March 31, 2021. This negative trend continued until June 30, 2022, when the gross profit margin improved slightly to 1.22%.
From September 30, 2022, onwards, the gross profit margin began to show more significant improvements, reaching 39.31% by December 31, 2024. This positive trend indicates a strengthening position in generating profits from sales after facing challenges in the earlier periods.
Overall, the increasing gross profit margin from negative to positive figures reflects Valaris Ltd's efforts to enhance operational efficiency, optimize costs, and potentially benefit from improved market conditions. It suggests a positive turnaround in the company's financial performance and profitability over the analyzed period.
Peer comparison
Dec 31, 2024