The Cheesecake Factory (CAKE)

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	1,336,315	1,954,047	1,724,987	1,496,264	1,754,823	1,006,983	1,024,575	1,027,964	982,932	1,298,400	1,201,001	988,831	955,308	1,094,786	1,522,593	2,063,215	2,482,692	2,373,817	2,362,441	2,347,115
Revenue (ttm)	US$ in thousands	2,573,389	2,589,182	2,542,973	2,509,446	3,303,156	3,187,047	3,157,520	3,093,833	2,927,540	2,705,399	2,468,641	1,995,536	1,983,225	2,122,703	2,191,523	2,498,317	2,482,692	2,373,817	2,362,441	2,347,115
Gross profit margin		51.93%	75.47%	67.83%	59.63%	53.13%	31.60%	32.45%	33.23%	33.58%	47.99%	48.65%	49.55%	48.17%	51.58%	69.48%	82.58%	100.00%	100.00%	100.00%	100.00%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,336,315K ÷ $2,573,389K
= 51.93%

The gross profit margin of The Cheesecake Factory has fluctuated over the past few quarters, ranging from a low of 31.60% in September 2022 to a high of 100.00% in several quarters. The gross profit margin measures the percentage of revenue that exceeds the cost of goods sold, reflecting the company's ability to effectively manage its production costs.

In the most recent quarter, ending December 31, 2023, the gross profit margin stood at 51.93%, indicating that the company retained approximately 51.93% of its revenue after accounting for the direct costs associated with producing its goods and services.

The significant variations in the gross profit margin over the quarters may suggest changes in pricing strategies, input costs, or operational efficiencies within the company. Investors and stakeholders should closely monitor these trends to assess the company's profitability and operational performance accurately.