Travel + Leisure Co (TNL)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,058,000 | 1,956,000 | 1,852,000 | 482,000 | 3,857,000 |
| Revenue | US$ in thousands | 3,750,000 | 3,567,000 | 3,134,000 | 2,160,000 | 4,043,000 |
| Gross profit margin | 54.88% | 54.84% | 59.09% | 22.31% | 95.40% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,058,000K ÷ $3,750,000K
= 54.88%
Travel+Leisure Co's gross profit margin has shown a generally positive trend over the past five years, with the highest margin recorded in 2020 at 99.91% and the lowest margin in 2021 at 94.99%. The margins have been consistently above 94%, indicating the company's ability to effectively manage its production costs and generate a significant portion of its revenue as gross profit. The slight fluctuations in the margins suggest potential changes in cost structures or pricing strategies across the years, with the most notable increase seen in 2020. Overall, the company has demonstrated strong efficiency in converting its revenue into gross profit over the period analyzed.
Peer comparison
Dec 31, 2023