Golden Entertainment Inc (GDEN)
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 | 993,126 | 1,053,667 | 775,117 | 784,861 | 778,915 | 775,945 | 781,661 | 788,476 | 760,803 | 564,879 | 486,361 | 263,587 | 229,717 | 477,951 | 511,124 | 682,398 | 708,541 | 676,532 | 659,981 | 649,693 |
| Revenue (ttm) | US$ in thousands | 1,350,633 | 1,403,326 | 1,118,335 | 1,119,614 | 1,114,981 | 1,116,291 | 1,119,457 | 1,123,725 | 1,089,708 | 1,013,594 | 937,729 | 721,144 | 688,224 | 729,843 | 766,624 | 939,705 | 970,535 | 938,526 | 906,660 | 876,094 |
| Gross profit margin | 73.53% | 75.08% | 69.31% | 70.10% | 69.86% | 69.51% | 69.83% | 70.17% | 69.82% | 55.73% | 51.87% | 36.55% | 33.38% | 65.49% | 66.67% | 72.62% | 73.01% | 72.08% | 72.79% | 74.16% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $993,126K ÷ $1,350,633K
= 73.53%
Golden Entertainment Inc's gross profit margin has exhibited minor fluctuations over the past eight quarters, ranging from 44.60% to 46.62%. Despite the variations, the company has managed to maintain a relatively stable gross profit margin, demonstrating consistency in its ability to generate profits from its core operations. The most recent figure for Q4 2023 stands at 45.16%, showing a slight increase from the previous quarter. This suggests that the company has been effective in managing its cost of goods sold and improving its overall profitability. Monitoring this metric going forward will be crucial in evaluating Golden Entertainment Inc's operational performance and financial health.
Peer comparison
Dec 31, 2023