Golden Entertainment Inc (GDEN)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 375,290 | 475,550 | 504,458 | 513,173 | 286,977 |
| Revenue | US$ in thousands | 666,818 | 1,053,150 | 1,121,720 | 1,096,540 | 694,155 |
| Gross profit margin | 56.28% | 45.16% | 44.97% | 46.80% | 41.34% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $375,290K ÷ $666,818K
= 56.28%
Golden Entertainment Inc's gross profit margin has shown a positive trend over the past five years, starting at 41.34% on December 31, 2020, and increasing to 56.28% by December 31, 2024. This indicates the company's ability to generate profits from its core business activities after accounting for the cost of goods sold. The consistent improvement in the gross profit margin reflects the company's effective cost management and pricing strategies, resulting in increased profitability over the years. The significant increase in the gross profit margin from 2020 to 2024 is particularly noteworthy, suggesting enhanced operational efficiency and potentially higher pricing power. Overall, Golden Entertainment Inc's improving gross profit margin signals a positive financial performance and better profitability prospects for the company.
Peer comparison
Dec 31, 2024