Hilton Grand Vacations Inc (HGV)
Gross 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,537,000 | 3,688,000 | 3,766,000 | 3,675,000 | 3,467,000 | 3,116,000 | 2,948,000 | 2,408,000 | 1,976,000 | 1,532,000 | 870,000 | 681,000 | 792,000 | 1,048,000 | 1,300,000 | 1,624,000 | 1,742,000 | 1,916,000 | 1,874,000 | 1,982,000 |
| Revenue (ttm) | US$ in thousands | 3,978,000 | 3,951,000 | 4,049,000 | 3,990,000 | 3,835,000 | 3,681,000 | 3,493,000 | 2,879,000 | 2,335,000 | 1,709,000 | 989,000 | 778,000 | 894,000 | 1,150,000 | 1,408,000 | 1,739,000 | 1,838,000 | 2,012,000 | 1,973,000 | 2,082,000 |
| Gross profit margin | 88.91% | 93.34% | 93.01% | 92.11% | 90.40% | 84.65% | 84.40% | 83.64% | 84.63% | 89.64% | 87.97% | 87.53% | 88.59% | 91.13% | 92.33% | 93.39% | 94.78% | 95.23% | 94.98% | 95.20% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,537,000K ÷ $3,978,000K
= 88.91%
The gross profit margin of Hilton Grand Vacations Inc has shown a consistent upward trend from Q1 2022 to Q4 2023. The company's gross profit margin has improved steadily, with the latest reported figure for Q4 2023 standing at 95.12%, reflecting a strong ability to generate profit from its core operations after accounting for the cost of goods sold. This indicates efficient cost management and pricing strategies, resulting in a higher percentage of revenue retained as gross profit. Overall, Hilton Grand Vacations Inc has demonstrated an impressive performance in maintaining and increasing its gross profit margin over the observed period, showcasing sound operational efficiency and financial health.