Golden Entertainment Inc (GDEN)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 112,920 | 123,441 | 440,422 | 461,829 | 414,337 | 427,515 | 138,858 | 147,711 | 147,947 | 147,015 | 157,185 | 172,555 | 166,040 | 130,440 | 94,667 | -27,247 | -67,439 | -55,825 | -55,393 | 20,582 |
| 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 |
| Operating profit margin | 16.93% | 16.83% | 53.08% | 48.66% | 39.34% | 38.79% | 12.36% | 13.12% | 13.19% | 13.08% | 13.94% | 15.26% | 15.14% | 12.79% | 10.04% | -3.75% | -9.72% | -7.64% | -7.21% | 2.19% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $112,920K ÷ $666,818K
= 16.93%
Golden Entertainment Inc's operating profit margin has exhibited fluctuations over the past few years. The company's operating profit margin was negative in the mid of 2020 and towards the end of 2020, indicating that the company's operating expenses were higher than its operating income during those periods.
However, starting from March 31, 2021, the operating profit margin began to improve significantly, turning positive in the subsequent quarters. By the end of 2024, the operating profit margin reached a peak of 53.08%. This significant improvement suggests that the company was able to effectively control its operating expenses and enhance its operational efficiency, leading to higher profitability.
The sharp increase in the operating profit margin from September 30, 2023, to March 31, 2024, indicates a notable improvement in the company's overall performance and profitability. Additionally, the operating profit margin remained relatively stable around the 13-16% range in the recent quarters, indicating consistency in the company's operational performance.
Overall, Golden Entertainment Inc's operating profit margin has shown positive trends in recent years, reflecting improved operational efficiency and profitability. Continued monitoring of this metric will be essential to assess the company's financial health and performance over time.
Peer comparison
Dec 31, 2024