Carnival Corporation (CCL)
Gross profit margin
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 8,831,000 | 8,029,000 | 6,783,000 | 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 |
| Revenue (ttm) | US$ in thousands | 24,470,000 | 23,464,000 | 21,836,000 | 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 |
| Gross profit margin | 36.09% | 34.22% | 31.06% | 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% |
November 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $8,831,000K ÷ $24,470,000K
= 36.09%
The gross profit margin of Carnival Corporation experienced significant fluctuations over the past few years. The margin was positive, peaking at 35.90% in February 2020 but then declined sharply, reaching negative values in subsequent periods. The margin hit its lowest point at -3,584.89% in May 2021, indicating that the cost of goods sold exceeded the revenue significantly during that period.
However, Carnival Corporation managed to improve its gross profit margin gradually from August 2021 onwards, with the margin turning positive again in November 2022. This positive trend continued into the following periods, with the margin reaching 36.09% in November 2024.
Overall, the upward trend in the gross profit margin since 2021 suggests that Carnival Corporation has been able to control its costs more effectively and generate higher revenues relative to the cost of goods sold. This improvement is a positive sign for the company's profitability and financial health.
Peer comparison
Nov 30, 2024