Cinemark Holdings Inc (CNK)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,925,000 | 2,995,900 | 2,911,800 | 3,110,500 | 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 |
| Revenue (ttm) | US$ in thousands | 2,984,100 | 3,076,300 | 2,994,200 | 3,202,300 | 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 |
| Gross profit margin | 98.02% | 97.39% | 97.25% | 97.13% | 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% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,925,000K ÷ $2,984,100K
= 98.02%
Cinemark Holdings Inc's gross profit margin has displayed considerable variability over the periods outlined in the data. The gross profit margin started at a high of 83.86% as of March 31, 2020, before experiencing a decline to 49.97% by December 31, 2020. This sharp decrease suggests a significant impact on the company's cost structure or pricing strategy during that period.
Subsequently, there was a substantial negative gross profit margin of -16.51% reported as of March 31, 2021. An anomalous figure like this might be indicative of one-off events or accounting irregularities. However, this was followed by an upward trend, with the gross profit margin recovering to 98.02% by December 31, 2024.
The overall trend indicates fluctuations in the company's ability to generate profit from its core operations, with varying levels of efficiency in managing production costs and pricing strategies. It is essential for stakeholders to delve deeper into the reasons behind these fluctuations to assess the company's operational performance accurately and make informed investment decisions.