Cinemark Holdings Inc (CNK)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,142,200 | 2,628,400 | 2,428,900 | 1,995,300 | 1,725,900 | 1,879,667 | 1,527,328 | 1,233,410 | 933,373 | 552,148 | 190,819 | -35,479 | 328,187 | 1,018,748 | 1,714,384 | 2,539,098 | 2,720,158 | 2,729,831 | 2,704,193 | 2,646,720 |
| Revenue (ttm) | US$ in thousands | 3,234,700 | 2,768,400 | 2,582,100 | 2,379,800 | 2,231,500 | 2,407,057 | 2,153,212 | 1,706,333 | 1,352,964 | 823,049 | 461,972 | 214,925 | 656,796 | 1,347,357 | 2,104,323 | 3,027,775 | 3,203,277 | 3,212,950 | 3,144,471 | 3,067,433 |
| Gross profit margin | 97.14% | 94.94% | 94.07% | 83.84% | 77.34% | 78.09% | 70.93% | 72.28% | 68.99% | 67.09% | 41.31% | -16.51% | 49.97% | 75.61% | 81.47% | 83.86% | 84.92% | 84.96% | 86.00% | 86.28% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,142,200K ÷ $3,234,700K
= 97.14%
Cinemark Holdings Inc has maintained a relatively stable gross profit margin throughout the quarters of 2022 and 2023, ranging from 64.24% to 64.55%. The company experienced a significant decrease in gross profit margin in Q1 2022 compared to the preceding quarters, with a high of 75.95% in Q1 2022, followed by a decline to 69.53% in Q2 2022. Subsequently, the gross profit margin remained more consistent in the latter half of 2022 and into 2023, hovering around the 64% mark. Overall, the company has managed to sustain healthy levels of gross profit margin, indicating efficient cost control and pricing strategies in managing its cost of goods sold.