Golden Entertainment Inc (GDEN)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 993,126 | 778,915 | 760,803 | 346,400 | 597,372 |
| Revenue | US$ in thousands | 1,350,630 | 1,114,980 | 1,089,710 | 688,224 | 954,234 |
| Gross profit margin | 73.53% | 69.86% | 69.82% | 50.33% | 62.60% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $993,126K ÷ $1,350,630K
= 73.53%
Golden Entertainment Inc's gross profit margin has shown some fluctuations over the past five years. The company's gross profit margin ranged from 41.34% in 2020 to 46.80% in 2021, with a slight decline to 44.97% in 2022 before increasing again to 45.16% in 2023.
These fluctuations indicate changes in the company's ability to generate profits from its core operations after accounting for the cost of goods sold. The upward trend from 2020 to 2021 suggests improved efficiency in managing production costs, while the subsequent slight decline in 2022 may indicate some challenges or increased costs during that year.
Overall, the company has maintained relatively healthy gross profit margins, which is essential for sustaining profitability and covering other operating expenses. Further analysis of cost management strategies and revenue generation capabilities would provide a more detailed understanding of the factors influencing the gross profit margin changes over the years.
Peer comparison
Dec 31, 2023