Golden Entertainment Inc (GDEN)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 345,810 | 334,376 | 357,064 | 418,943 | 448,599 | 491,571 | 501,745 | 502,718 | 504,458 | 509,393 | 516,586 | 527,062 | 513,173 | 469,491 | 434,275 | 316,947 | 286,977 | 303,736 | 310,084 | 391,505 |
| Revenue (ttm) | US$ in thousands | 666,818 | 733,305 | 829,798 | 949,145 | 1,053,149 | 1,102,168 | 1,123,435 | 1,126,126 | 1,121,719 | 1,123,967 | 1,127,396 | 1,130,491 | 1,096,543 | 1,020,213 | 943,187 | 726,694 | 694,155 | 730,661 | 768,579 | 940,675 |
| Gross profit margin | 51.86% | 45.60% | 43.03% | 44.14% | 42.60% | 44.60% | 44.66% | 44.64% | 44.97% | 45.32% | 45.82% | 46.62% | 46.80% | 46.02% | 46.04% | 43.61% | 41.34% | 41.57% | 40.35% | 41.62% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $345,810K ÷ $666,818K
= 51.86%
Golden Entertainment Inc's gross profit margin has fluctuated over the past few years, showing a generally increasing trend from March 31, 2020, to December 31, 2024. The company's gross profit margin was relatively stable around the low 40% range during 2020 and early 2021. However, from March 31, 2021, onwards, there was a noticeable improvement in the gross profit margin, reaching a peak of 51.86% by December 31, 2024.
This improvement in the gross profit margin indicates that Golden Entertainment Inc has been able to effectively manage its cost of goods sold while increasing its revenue generation. A rising gross profit margin is generally seen as a positive indicator of a company's operational efficiency and profitability, as it implies that the company is effectively controlling its production costs.
However, it should be noted that there was a slight decline in the gross profit margin from March 31, 2024, to September 30, 2024, before a significant jump to 51.86% by December 31, 2024. This fluctuation may merit further investigation to understand the factors contributing to these changes in profitability during this period.
Overall, the upward trend in Golden Entertainment Inc's gross profit margin indicates an improvement in its profitability and operational efficiency over the analyzed period.
Peer comparison
Dec 31, 2024