Six Flags Entertainment Corporation (FUN)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 620,689 | 1,653,140 | 1,225,750 | 153,564 | 1,348,660 |
| Revenue | US$ in thousands | 1,798,670 | 1,817,380 | 1,338,220 | 181,555 | 1,474,920 |
| Gross profit margin | 34.51% | 90.96% | 91.60% | 84.58% | 91.44% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $620,689K ÷ $1,798,670K
= 34.51%
The gross profit margin of Six Flags Entertainment Corporation has exhibited fluctuations over the past five years. In 2023, the gross profit margin decreased to 34.51%, representing a significant decline from the previous years. The company's gross profit margin was highest in 2021 at 91.60% and showed strong performance in 2019 at 91.44%.
The significant drop in the gross profit margin in 2023 may indicate challenges faced by the company in effectively managing its cost of goods sold. A lower gross profit margin suggests that Six Flags may be experiencing higher costs relative to its revenues, impacting its profitability. Further analysis of the underlying factors contributing to this decline would be necessary to assess the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2023