Planet Fitness Inc (PLNT)
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 | ||
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Gross profit (ttm) | US$ in thousands | 795,974 | 539,709 | 512,872 | 478,617 | 436,469 | 447,082 | 380,181 | 308,114 | 251,939 | 425,546 | 386,807 | 298,880 | 300,417 | 358,156 | 395,739 | 500,125 | 514,492 | 497,341 | 474,384 | 464,090 |
Revenue (ttm) | US$ in thousands | 986,001 | 984,910 | 952,853 | 891,685 | 852,544 | 755,272 | 666,937 | 580,823 | 510,272 | 479,125 | 428,591 | 330,645 | 346,043 | 403,782 | 472,257 | 622,556 | 649,563 | 632,412 | 600,132 | 572,191 |
Gross profit margin | 80.73% | 54.80% | 53.82% | 53.68% | 51.20% | 59.19% | 57.00% | 53.05% | 49.37% | 88.82% | 90.25% | 90.39% | 86.81% | 88.70% | 83.80% | 80.33% | 79.21% | 78.64% | 79.05% | 81.11% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $795,974K ÷ $986,001K
= 80.73%
Planet Fitness Inc has maintained a relatively stable gross profit margin over the past eight quarters, ranging from a low of 80.56% in Q2 2023 to a high of 82.57% in Q2 2022. This indicates that the company has been effective in controlling its costs of goods sold and generating a consistent level of gross profit relative to its revenue. The most recent quarter, Q4 2023, saw a slight increase in gross profit margin to 82.26%, which may be attributed to various factors such as pricing strategies, cost management, or operational efficiencies. Overall, the steady gross profit margin suggests that Planet Fitness Inc has been able to maintain a healthy level of profitability in its operations.