Royal Caribbean Cruises Ltd (RCL)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,697,000	-2,156,000	-5,260,500	-5,797,460	1,878,890
Revenue	US$ in thousands	12,346,000	7,385,240	100,364	1,037,510	10,564,600
Net profit margin		13.75%	-29.19%	-5,241.42%	-558.79%	17.78%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $1,697,000K ÷ $12,346,000K
= 13.75%

The net profit margin of Royal Caribbean Group has shown significant fluctuations over the past five years. The company's net profit margin was 12.21% in 2023, indicating that for every dollar of revenue generated, the company retained $0.1221 in profit after accounting for all expenses.

In 2022, the net profit margin was negative at -24.39%, implying that the company incurred losses during that period, exceeding its revenue. The negative net profit margin suggests that the company's expenses outweighed its revenue.

The net profit margin in 2021 and 2020 was even more alarming, at -343.35% and -262.47% respectively, indicating substantial losses beyond the revenue generated. These negative margins could be attributed to extraordinary expenses, write-offs, or impairments that impacted the company's profitability.

In 2019, the net profit margin was a healthy 17.16%, demonstrating that the company was able to retain a significant portion of its revenue as profit that year.

Overall, the fluctuating net profit margins of Royal Caribbean Group highlight the volatility and challenges faced by the company in recent years, with periods of profitability followed by significant losses. Continued monitoring and analysis of the company's financial performance will be essential to understand its trajectory and sustainability in the future.