Westlake Chemical Corporation (WLK)
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 | 2,219,000 | 2,587,000 | 2,777,000 | 3,580,000 | 4,073,000 | 4,602,000 | 4,844,000 | 4,271,000 | 3,495,000 | 2,722,000 | 1,952,000 | 1,249,000 | 1,023,000 | 950,000 | 1,073,000 | 1,244,000 | 1,260,000 | 1,364,000 | 1,532,000 | 1,744,000 |
| Revenue (ttm) | US$ in thousands | 12,548,000 | 13,021,000 | 13,862,000 | 15,094,000 | 15,794,000 | 16,002,000 | 15,101,000 | 13,477,000 | 11,778,000 | 10,236,000 | 9,079,000 | 7,929,000 | 7,504,000 | 7,422,000 | 7,590,000 | 8,025,000 | 8,118,000 | 8,230,000 | 8,419,000 | 8,510,000 |
| Gross profit margin | 17.68% | 19.87% | 20.03% | 23.72% | 25.79% | 28.76% | 32.08% | 31.69% | 29.67% | 26.59% | 21.50% | 15.75% | 13.63% | 12.80% | 14.14% | 15.50% | 15.52% | 16.57% | 18.20% | 20.49% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,219,000K ÷ $12,548,000K
= 17.68%
The gross profit margin of Westlake Corporation has shown a downward trend over the past 8 quarters, declining from 31.69% in Q1 2022 to 17.68% in Q4 2023. This indicates that the company's profitability from sales has been decreasing over time. Factors such as increasing costs of goods sold, pricing pressures, or inefficiencies in production processes may be contributing to this decline in gross profit margin. It is important for Westlake Corporation to closely monitor its cost structure and pricing strategies to improve its gross profit margin and overall financial performance in the future.
Peer comparison
Dec 31, 2023