TripAdvisor Inc (TRIP)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	355,000	281,000	36,000	-145,000	558,000
Revenue	US$ in thousands	1,744,000	1,452,000	858,000	568,000	1,554,000
Gross profit margin		20.36%	19.35%	4.20%	-25.53%	35.91%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $355,000K ÷ $1,744,000K
= 20.36%

The gross profit margin of TripAdvisor Inc. has remained consistently high over the past five years, ranging from 90.89% to 93.97%. This indicates that the company has been effectively managing its cost of goods sold and generating strong profits from its sales. The slight fluctuations in the gross profit margin show a degree of stability in the company's ability to maintain profitability amidst changing market conditions. Overall, TripAdvisor Inc. demonstrates a strong ability to generate profit from its core business operations.