Choice Hotels International Inc (CHH)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,225,310 | 1,160,310 | 878,184 | 572,263 | 916,231 |
| Revenue | US$ in thousands | 1,544,160 | 1,401,950 | 1,069,300 | 774,072 | 1,114,820 |
| Gross profit margin | 79.35% | 82.76% | 82.13% | 73.93% | 82.19% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,225,310K ÷ $1,544,160K
= 79.35%
Choice Hotels International Inc's gross profit margin has fluctuated over the past five years. In 2023, the gross profit margin stood at 79.35%, a decrease from the previous year's 82.76%. This downward trend contrasts with the steady gross profit margins recorded in 2021 and 2019, which were 82.13% and 82.19%, respectively. The lowest gross profit margin during this period was in 2020 at 73.93%.
Overall, the gross profit margin of Choice Hotels International Inc has shown variability, indicating potential shifts in the company's pricing strategies, cost management practices, or sales mix. Further analysis would be needed to understand the factors driving these fluctuations and to assess the company's profitability and operational efficiency.
Peer comparison
Dec 31, 2023