Cinemark Holdings Inc (CNK)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,992,500 | 3,140,000 | 2,058,000 | 928,426 | 113,332 |
| Revenue | US$ in thousands | 3,056,400 | 3,234,700 | 2,299,400 | 1,352,960 | 551,574 |
| Gross profit margin | 97.91% | 97.07% | 89.50% | 68.62% | 20.55% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,992,500K ÷ $3,056,400K
= 97.91%
Cinemark Holdings Inc's gross profit margin has shown a significant upward trend over the past five years, increasing from 20.55% as of December 31, 2020, to 97.91% as of December 31, 2024. This substantial improvement indicates that the company has become more efficient in generating profits from its revenue. A rising gross profit margin typically signifies that the company is effectively managing its production costs and pricing strategies. Cinemark's increasing gross profit margin suggests that the company may have implemented effective cost controls, negotiated better supplier contracts, or optimized its pricing structure. This positive trend bodes well for Cinemark's overall profitability and financial health.