Carnival Corporation (CCL)

Gross profit margin

Nov 30, 2023 Nov 30, 2022 Nov 30, 2021 Nov 30, 2020 Nov 30, 2019
Gross profit US$ in thousands 5,112,000 5,298,000 -5,313,000 -3,946,000 7,710,000
Revenue US$ in thousands 19,429,000 10,558,000 1,908,000 4,236,000 20,619,000
Gross profit margin 26.31% 50.18% -278.46% -93.15% 37.39%

November 30, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $5,112,000K ÷ $19,429,000K
= 26.31%

The gross profit margin of Carnival Corp. has been consistently reported as 100.00% for the past five years, indicating that the company has been able to maintain a high level of profitability in relation to its cost of goods sold across the years. This may suggest effective cost control, pricing strategies, and operational efficiencies within the company's cruise and vacation segment. However, it's important to note that a gross profit margin of 100% may be unusual and could warrant further scrutiny to ensure the accuracy of the reported figures. Therefore, while this high level of profitability is a positive indication, it should be considered within the context of the company's overall financial performance and in conjunction with other financial ratios and metrics.


Peer comparison

Nov 30, 2023


See also:

Carnival Corporation Gross Profit Margin