Golden Entertainment Inc (GDEN)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 399,212 | 147,947 | 166,040 | -67,439 | 46,117 |
| Revenue | US$ in thousands | 1,350,630 | 1,114,980 | 1,089,710 | 688,224 | 954,234 |
| Operating profit margin | 29.56% | 13.27% | 15.24% | -9.80% | 4.83% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $399,212K ÷ $1,350,630K
= 29.56%
Golden Entertainment Inc's operating profit margin has fluctuated over the past five years, with a noticeable decline in 2020, where it went negative at -4.13%. This negative margin indicates that the company's operating expenses exceeded its operating income during that period.
However, the operating profit margin recovered in the subsequent years, reaching 5.39% in 2019, 15.28% in 2021, and 13.29% in 2022. In 2023, the operating profit margin was 10.32%, showing a slight decrease compared to the previous year.
Overall, the trend in Golden Entertainment Inc's operating profit margin indicates some variability in the company's ability to control operating expenses relative to its revenue generation. It would be essential for the company to continue monitoring and managing its operating costs effectively to improve profitability in the future.
Peer comparison
Dec 31, 2023