Light & Wonder Inc (LNW)
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 | 1,440,000 | 1,398,000 | 1,663,000 | 1,443,000 | 1,300,000 | 1,734,000 | 1,188,000 | 1,423,000 | 1,470,000 | 1,377,000 | 1,428,000 | 1,138,000 | 1,009,000 | 1,256,000 | 1,227,000 | 1,314,000 | 1,358,000 | 1,327,600 | 992,000 | 977,800 |
| Revenue (ttm) | US$ in thousands | 2,559,000 | 2,515,000 | 2,782,000 | 2,545,000 | 2,403,000 | 2,721,000 | 2,166,000 | 2,415,000 | 2,454,000 | 2,354,000 | 2,413,000 | 2,057,000 | 2,032,000 | 2,455,000 | 2,744,000 | 3,186,000 | 3,440,000 | 3,422,700 | 3,388,700 | 3,388,700 |
| Gross profit margin | 56.27% | 55.59% | 59.78% | 56.70% | 54.10% | 63.73% | 54.85% | 58.92% | 59.90% | 58.50% | 59.18% | 55.32% | 49.66% | 51.16% | 44.72% | 41.24% | 39.48% | 38.79% | 29.27% | 28.85% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,440,000K ÷ $2,559,000K
= 56.27%
The gross profit margin of Light & Wonder Inc has shown a consistent trend over the past eight quarters. The company's gross profit margin has been relatively stable, ranging from a high of 77.98% in Q3 2022 to a low of 69.95% in Q4 2023. Despite some fluctuations, the overall trend suggests that Light & Wonder Inc has been able to maintain a strong margin on its core business operations.
It is noteworthy that the gross profit margin has been above 70% for most of the quarters, indicating that the company is effectively controlling its production costs and generating healthy profits from its sales. The slight decline in the margin in the most recent quarter, Q4 2023, compared to the previous quarters, may be an area of concern that warrants further investigation to understand the underlying reasons for the decrease.
Overall, based on the historical data provided, Light & Wonder Inc appears to have a strong gross profit margin performance, reflecting efficient cost management and solid profitability in its business operations.
Peer comparison
Dec 31, 2023