Golden Entertainment Inc (GDEN)
Operating profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 399,212 | 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 | 46,117 | 41,085 | 40,927 | 46,000 |
| Revenue (ttm) | US$ in thousands | 1,350,633 | 1,403,326 | 1,118,335 | 1,119,614 | 1,114,981 | 1,116,291 | 1,119,457 | 1,123,725 | 1,089,708 | 1,013,594 | 937,729 | 721,144 | 688,224 | 729,843 | 766,624 | 939,705 | 970,535 | 938,526 | 906,660 | 876,094 |
| Operating profit margin | 29.56% | 30.46% | 12.42% | 13.19% | 13.27% | 13.17% | 14.04% | 15.36% | 15.24% | 12.87% | 10.10% | -3.78% | -9.80% | -7.65% | -7.23% | 2.19% | 4.75% | 4.38% | 4.51% | 5.25% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $399,212K ÷ $1,350,633K
= 29.56%
Golden Entertainment Inc's operating profit margin has shown a gradual decline over the past eight quarters, starting at 15.37% in Q1 2022 and decreasing to 10.32% in Q4 2023. This indicates a trend of decreasing efficiency in generating profits from its core business operations. The company may be facing challenges such as rising costs, declining revenues, or inefficiencies in its operations. It is important for stakeholders to closely monitor this trend and assess the factors contributing to the decline in operating profit margin to make informed decisions regarding the company's financial health and performance.
Peer comparison
Dec 31, 2023