Caesars Entertainment Corporation (CZR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 5,375,000 | 4,134,000 | 3,204,000 | 332,000 | 1,409,530 |
| Revenue | US$ in thousands | 9,002,000 | 8,497,000 | 7,105,000 | 2,245,000 | 2,284,080 |
| Gross profit margin | 59.71% | 48.65% | 45.10% | 14.79% | 61.71% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $5,375,000K ÷ $9,002,000K
= 59.71%
Caesars Entertainment Inc's gross profit margin has shown some fluctuations over the past five years, ranging from 49.11% in 2020 to 53.20% in 2023. The company's gross profit margin peaked in 2023 at 53.20%, indicating that for every dollar of revenue generated, Caesars retained $0.53 as gross profit after deducting the cost of goods sold. This increase in gross profit margin from the previous year suggests improved efficiency in managing production and operational costs. However, there was a slight dip in the margin in 2022 compared to 2021.
Overall, the trend in Caesars' gross profit margin demonstrates some variability but generally reflects a relatively healthy level of profitability in recent years. Monitoring this metric can provide insights into the company's ability to control costs and generate profits from its core operations.
Peer comparison
Dec 31, 2023