Take-Two Interactive Software Inc (TTWO)
Gross profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,241,800 | 2,285,300 | 1,969,400 | 1,837,700 | 1,546,520 |
| Revenue | US$ in thousands | 5,349,600 | 5,349,900 | 3,496,870 | 3,369,920 | 3,084,420 |
| Gross profit margin | 41.91% | 42.72% | 56.32% | 54.53% | 50.14% |
March 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,241,800K ÷ $5,349,600K
= 41.91%
Take-Two Interactive Software Inc's gross profit margin has shown fluctuations over the past five years. The gross profit margin decreased from 50.14% in fiscal year 2020 to 41.91% in fiscal year 2024. This downward trend indicates a decrease in the company's profitability in terms of gross profit generated from its sales revenue.
The gross profit margin was at its peak in fiscal year 2022 at 56.32%, showing strong profitability during that period. However, there was a decline in the following years, with fiscal year 2023 at 42.72% and fiscal year 2024 at 41.91%.
A declining gross profit margin may signify various factors such as increased production costs, pricing pressure, or changes in product mix. It is important for investors and stakeholders to monitor this trend closely as it can impact the company's overall financial performance and competitiveness in the industry.
Peer comparison
Mar 31, 2024