Hilton Grand Vacations Inc (HGV)
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 | 3,137,000 | 3,182,000 | 3,240,000 | 3,117,000 | 2,898,000 | 2,704,000 | 2,556,000 | 2,090,000 | 1,714,000 | 1,371,000 | 767,000 | 600,000 | 727,000 | 983,000 | 1,229,000 | 1,546,000 | 1,660,000 | 1,834,000 | 1,789,000 | 1,896,000 |
| 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 |
| Operating profit margin | 78.86% | 80.54% | 80.02% | 78.12% | 75.57% | 73.46% | 73.17% | 72.59% | 73.40% | 80.22% | 77.55% | 77.12% | 81.32% | 85.48% | 87.29% | 88.90% | 90.32% | 91.15% | 90.67% | 91.07% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,137,000K ÷ $3,978,000K
= 78.86%
The operating profit margin of Hilton Grand Vacations Inc has shown some fluctuations over the past eight quarters. The margin ranged from a low of 16.98% in Q3 2023 to a high of 21.39% in Q2 2022. Overall, the company has maintained healthy operating profit margins above 16% in all quarters, indicating efficient cost management and profitability. However, there was a slight decline in profitability in the most recent quarter, Q4 2023, compared to the previous quarters. This may warrant further investigation to determine the factors contributing to the decrease in operating profit margin.