Light & Wonder Inc (LNW)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,436,000 | 931,000 | 994,000 | 1,161,000 | 1,254,000 |
| Revenue | US$ in thousands | 2,549,000 | 2,038,000 | 2,049,000 | 2,286,000 | 3,579,000 |
| Gross profit margin | 56.34% | 45.68% | 48.51% | 50.79% | 35.04% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,436,000K ÷ $2,549,000K
= 56.34%
The gross profit margin of Light & Wonder Inc has exhibited fluctuating trends over the past five years, ranging from 57.42% in 2020 to 71.71% in 2021. In the most recent year, as of Dec 31, 2023, the gross profit margin stands at 69.95%, indicating a slight decrease compared to the prior year. Despite this decline, the company has maintained relatively high levels of gross profit margins in recent years, reflecting strong operational efficiency in generating profits after accounting for the cost of goods sold. It is worth noting that fluctuations in gross profit margins could be influenced by various factors such as changes in pricing strategies, production costs, competition, or market demand. An in-depth analysis of these factors would be necessary to provide a more comprehensive understanding of the company's performance in terms of gross profit margin.
Peer comparison
Dec 31, 2023