Hyatt Hotels Corporation (H)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 5,700,000 | 5,228,000 | 2,850,000 | 1,426,000 | 5,220,000 |
| Revenue | US$ in thousands | 6,541,000 | 5,995,000 | 3,290,000 | 1,924,000 | 5,694,000 |
| Gross profit margin | 87.14% | 87.21% | 86.63% | 74.12% | 91.68% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $5,700,000K ÷ $6,541,000K
= 87.14%
The gross profit margin of Hyatt Hotels Corporation has fluctuated over the past five years. In 2023, the gross profit margin stood at 37.51%, showing a decrease from the previous year's 39.77%. This decline could be a result of various factors affecting the company's revenue and cost of goods sold. However, the current margin is still higher than that of 2021, where the margin was 21.93%. The significant increase in gross profit margin from 2020 to 2021 indicates an improvement in the company's ability to generate profits from its core operations. It is important for investors and analysts to continue monitoring Hyatt's gross profit margin trend to assess the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023