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
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.