Norwegian Cruise Line Holdings Ltd (NCLH)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	168,010	-2,484,760	-6,031,560	-4,253,130	-223,016
Revenue	US$ in thousands	7,787,020	3,910,760	647,986	1,162,120	6,185,140
Gross profit margin		2.16%	-63.54%	-930.82%	-365.98%	-3.61%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $168,010K ÷ $7,787,020K
= 2.16%

The gross profit margin of Norwegian Cruise Line Holdings Ltd has exhibited fluctuations over the past five years. In 2019, the company achieved a high gross profit margin of 84.11%, reflecting strong cost efficiency in generating revenue. This figure dropped notably in 2021 to 35.36%, indicating a significant increase in the cost of sales relative to revenue during that year.

In 2020, the gross profit margin improved to 67.52%, suggesting enhanced cost management strategies compared to the previous year. Subsequently, in 2022, there was another improvement in the gross profit margin to 72.98%, demonstrating continued efforts to optimize operational costs. The most recent data as of December 31, 2023, shows a further increase in the gross profit margin to 80.41%, indicating potential progress in enhancing revenue generation efficiency.

Overall, the fluctuation in the gross profit margin of Norwegian Cruise Line Holdings Ltd underscores the importance of effective cost control measures and revenue management strategies in influencing the company's profitability levels.