Caesars Entertainment Corporation (CZR)

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	5,157,000	4,422,000	4,291,000	4,328,000	4,134,000	4,031,000	3,796,000	3,557,000	3,136,000	1,773,000	1,593,000	407,549	32,996	1,536,120	956,173	1,378,814	1,671,845	1,751,481	1,687,903	1,629,736
Revenue (ttm)	US$ in thousands	9,002,000	8,914,000	8,808,000	8,788,000	8,497,000	8,297,000	8,000,000	7,631,000	7,022,000	6,554,000	6,226,000	4,375,334	3,638,781	2,733,905	1,646,701	2,153,324	2,331,508	2,411,144	2,274,406	2,135,269
Gross profit margin		57.29%	49.61%	48.72%	49.25%	48.65%	48.58%	47.45%	46.61%	44.66%	27.05%	25.59%	9.31%	0.91%	56.19%	58.07%	64.03%	71.71%	72.64%	74.21%	76.32%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,157,000K ÷ $9,002,000K
= 57.29%

Caesars Entertainment Inc's gross profit margin has shown a consistent improvement over the quarters, with a steady increase from Q1 2022 to Q4 2023. The gross profit margin ranged from a low of 46.76% in Q2 2022 to a high of 53.89% in Q3 2023. This upward trend indicates effective cost management and pricing strategies, resulting in a higher percentage of revenue retained after accounting for the cost of sales. The latest reported gross profit margin of 53.20% in Q4 2023 reflects the company's ability to generate revenue while controlling the cost of goods sold. Overall, the increasing trend in gross profit margin suggests stronger operational efficiency and potentially positive financial performance for Caesars Entertainment Inc.