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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 2.66B | 7.7% |
| Gross Profit | 622M | 3% |
| Cost of Revenue | 2.35B | 1.7% |
| Operating expense | 357M | 5.3% |
| Net Income | 116M | 25.2% |
| EBITDA | 386M | 2.5% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 25.9B | 0.3% |
| Total Liabilities | 18.6B | 0.2% |
| Total Equity | 7.27B | 1.5% |
| Shares Outstanding | 109M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 79M | 72.9% |
| Cash from investing | -100M | 9.9% |
| Cash from financing | -376M | 23.1% |
EPS
Financial Highlights for Celanese in Q3 '24
Celanese reported a revenue of 2.66B, which is a 7.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 622M, marking a -3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.35B, a 1.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 357M, showing a 5.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 116M, showing a -25.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 386M, showing a -2.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Celanese faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
