Six Flags Entertainment Corporation (FUN)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,051,132 | 1,283,204 | 1,419,623 | 1,633,266 | 1,631,320 | 1,639,299 | 1,653,137 | 1,642,239 | 1,566,150 | 1,306,328 | 1,225,753 | 927,759 | 309,676 | 113,750 | 153,564 | 364,564 | 944,782 | 1,336,583 | 1,348,661 | 1,341,710 |
| Revenue (ttm) | US$ in thousands | 1,886,363 | 1,815,729 | 1,798,668 | 1,793,539 | 1,794,593 | 1,803,102 | 1,817,383 | 1,802,325 | 1,712,666 | 1,427,312 | 1,338,219 | 1,021,160 | 355,213 | 137,662 | 181,555 | 404,924 | 1,031,979 | 1,461,583 | 1,474,925 | 1,467,463 |
| Gross profit margin | 55.72% | 70.67% | 78.93% | 91.06% | 90.90% | 90.92% | 90.96% | 91.12% | 91.45% | 91.52% | 91.60% | 90.85% | 87.18% | 82.63% | 84.58% | 90.03% | 91.55% | 91.45% | 91.44% | 91.43% |
June 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,051,132K ÷ $1,886,363K
= 55.72%
The gross profit margin of Six Flags Entertainment Corporation has exhibited fluctuations over the past quarters. The trend shows a decline from the levels above 90% in the first half of 2023 to around 55% in the latest reported period of June 30, 2024. There was a sharp decrease from 78.93% in December 2023 to 55.72% in June 2024, indicating a significant compression in profitability within that timeframe. It is important to investigate the reasons behind such a substantial decrease to understand the factors impacting the company's cost of goods sold and revenue generation. Further analysis and comparison with industry benchmarks may provide insights into the company's competitive position and operational efficiency in managing production and sales costs.
Peer comparison
Jun 30, 2024