Golden Entertainment Inc (GDEN)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 112,124 | 399,212 | 147,947 | 227,300 | -28,962 |
| Revenue | US$ in thousands | 666,818 | 1,053,150 | 1,121,720 | 1,096,540 | 694,155 |
| Operating profit margin | 16.81% | 37.91% | 13.19% | 20.73% | -4.17% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $112,124K ÷ $666,818K
= 16.81%
The operating profit margin of Golden Entertainment Inc has experienced fluctuations over the past five years. In December 2020, the company reported a negative operating profit margin of -4.17%, indicating that its operating expenses exceeded its operating income for that period. However, in December 2021, the operating profit margin improved significantly to 20.73%, reflecting better cost management and operational efficiency.
In the following years, the operating profit margin continued to demonstrate variability. By December 2022, the operating profit margin stood at 13.19%, showing a slight decrease from the previous year. However, in December 2023, there was a notable upsurge in the operating profit margin to 37.91%, suggesting a substantial increase in operating income relative to revenue.
Despite the significant improvement in 2023, the operating profit margin declined to 16.81% by December 2024, indicating a decrease in operational efficiency or an increase in operating expenses relative to revenue. Overall, the trend in Golden Entertainment Inc's operating profit margin demonstrates both positive and negative fluctuations, highlighting the company's ability to manage costs and generate operating income efficiently over the five-year period.
Peer comparison
Dec 31, 2024