Golden Entertainment Inc (GDEN)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 255,756 | 82,346 | 161,776 | -136,611 | -39,545 |
| Revenue | US$ in thousands | 1,350,630 | 1,114,980 | 1,089,710 | 688,224 | 954,234 |
| Net profit margin | 18.94% | 7.39% | 14.85% | -19.85% | -4.14% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $255,756K ÷ $1,350,630K
= 18.94%
Golden Entertainment Inc's net profit margin has shown significant fluctuations over the past five years. In 2023, the net profit margin improved sharply to 24.28%, reflecting a strong profitability performance compared to the previous years. This significant increase is a positive indicator of the company's ability to generate profits relative to its revenue in the most recent period.
In 2022, the net profit margin was 7.34%, indicating a lower level of profitability compared to 2023. The company experienced a notable increase in profitability from 2022 to 2023, demonstrating an improvement in operational efficiency and cost management.
In 2021, the net profit margin was 14.75%, reflecting a moderate level of profitability compared to the highest point in 2023. Despite the decrease from 2023, the company maintained a respectable level of profitability in 2021.
In 2020, the net profit margin was -19.68%, indicating a significant loss compared to the previous years. The negative net profit margin in 2020 suggests that the company incurred substantial expenses that exceeded its revenue, leading to an overall loss for the year.
Similarly, in 2019, the net profit margin was -4.06%, signaling another year of loss for the company. The consecutive years of negative net profit margins in 2019 and 2020 highlight challenges faced by the company in achieving profitability during that period.
Overall, the trend in Golden Entertainment Inc's net profit margin shows notable fluctuations, with the most recent year (2023) demonstrating a significant improvement in profitability compared to the previous years. It is essential for the company to continue monitoring and managing its expenses effectively to sustain and further enhance its profitability in the future.
Peer comparison
Dec 31, 2023