Carnival Corporation (CCL)
Gross profit margin
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 5,714,000 | 5,099,000 | 10,019,000 | 8,189,000 | 6,656,000 | 5,299,000 | -2,400,000 | -4,768,000 | -5,184,000 | -5,316,000 | -5,019,000 | -4,983,000 | -5,841,000 | -3,723,000 | -886,000 | 3,891,000 | 7,442,000 | 7,711,000 | 7,769,000 | 7,698,000 |
| Revenue (ttm) | US$ in thousands | 20,426,000 | 19,417,000 | 17,876,000 | 15,504,000 | 13,197,000 | 10,559,000 | 7,812,000 | 4,475,000 | 2,493,000 | 1,264,000 | 654,000 | 139,000 | 648,000 | 5,356,000 | 10,056,000 | 16,506,000 | 20,732,000 | 20,620,000 | 20,343,000 | 19,698,000 |
| Gross profit margin | 27.97% | 26.26% | 56.05% | 52.82% | 50.44% | 50.18% | -30.72% | -106.55% | -207.94% | -420.57% | -767.43% | -3,584.89% | -901.39% | -69.51% | -8.81% | 23.57% | 35.90% | 37.40% | 38.19% | 39.08% |
February 29, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,714,000K ÷ $20,426,000K
= 27.97%
The gross profit margin of Carnival Corporation has shown significant fluctuations over the past few quarters. In the most recent quarter ending on February 29, 2024, the gross profit margin stood at 27.97%, showing a slight improvement compared to the previous quarter's 26.26%. However, there were drastic declines in gross profit margins in the two preceding quarters, with figures of 56.05% in August 31, 2023, and 52.82% in May 31, 2023.
The trend of the gross profit margin has been inconsistent, ranging from positive percentages to negative percentages in some quarters. Particularly noteworthy is the considerable negative gross profit margins reported in the quarters ending in May 31, 2021, February 28, 2021, and August 31, 2022. These negative margins indicate that the company's cost of goods sold exceeded its revenue in those periods.
Overall, Carnival Corporation's gross profit margin has been volatile, reflecting fluctuations in revenue and costs over the analyzed quarters. This suggests challenges in managing operational expenses and maintaining pricing strategies to optimize profitability. Further analysis of the company's cost structure and revenue streams may provide insights into the factors driving these fluctuations in gross profit margin.
Peer comparison
Feb 29, 2024