Cinemark Holdings Inc (CNK)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,140,000 | 2,058,000 | 928,426 | 113,332 | 2,529,260 |
| Revenue | US$ in thousands | 3,234,700 | 2,299,400 | 1,352,960 | 551,574 | 3,179,760 |
| Gross profit margin | 97.07% | 89.50% | 68.62% | 20.55% | 79.54% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,140,000K ÷ $3,234,700K
= 97.07%
Cinemark Holdings Inc has demonstrated a relatively stable trend in its gross profit margin over the past five years. The gross profit margin has ranged from 63.14% in 2019 to 66.05% in 2021, showcasing consistency in maintaining profitability from sales after deducting the cost of goods sold. In the most recent year, 2023, the gross profit margin stands at 64.55%, indicating that the company is effectively managing its production costs and generating profitability on its core business activities. This consistency in gross profit margin suggests that Cinemark Holdings Inc has maintained a strong pricing strategy and cost control measures across its operations, contributing to its overall financial health.