Dine Brands Global Inc (DIN)

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	396,684	392,835	389,868	388,221	377,358	379,238	379,510	382,692	375,225	346,149	318,330	249,575	248,716	277,001	299,937	364,670	382,814	385,517	388,423	372,158
Revenue (ttm)	US$ in thousands	831,101	832,799	863,435	892,814	909,437	931,104	926,603	922,428	896,205	862,567	810,448	686,541	689,225	720,707	761,512	879,880	910,178	896,865	873,559	829,950
Gross profit margin		47.73%	47.17%	45.15%	43.48%	41.49%	40.73%	40.96%	41.49%	41.87%	40.13%	39.28%	36.35%	36.09%	38.43%	39.39%	41.45%	42.06%	42.98%	44.46%	44.84%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $396,684K ÷ $831,101K
= 47.73%

Dine Brands Global Inc has shown a consistent improvement in its gross profit margin over the past few quarters. The gross profit margin has steadily increased from 73.42% in Q4 2022 to 84.60% in Q4 2023. This signifies an upward trend in the company's ability to generate revenue after accounting for the cost of goods sold. The company has successfully managed its production and operating costs to enhance profitability. The higher gross profit margin indicates that Dine Brands Global Inc is becoming more efficient in its operations and is effectively controlling its costs. This positive trend reflects well on the company's financial health and competitive positioning within the industry.