Take-Two Interactive Software Inc (TTWO)

Gross profit margin

		Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	2,241,800	1,995,900	2,033,700	2,297,900	2,285,400	2,593,600	2,430,600	2,152,500	1,969,400	1,997,797	1,959,542	1,966,679	1,837,700	1,642,804	1,621,195	1,602,151	1,546,520	1,461,711	1,318,929	1,187,123
Revenue (ttm)	US$ in thousands	5,349,600	5,396,400	5,437,900	5,532,200	5,349,900	4,822,896	4,318,396	3,783,096	3,493,996	3,420,892	3,372,649	3,354,562	3,369,915	3,284,364	3,358,880	3,378,818	3,087,326	2,865,792	3,195,769	2,828,138
Gross profit margin		41.91%	36.99%	37.40%	41.54%	42.72%	53.78%	56.28%	56.90%	56.37%	58.40%	58.10%	58.63%	54.53%	50.02%	48.27%	47.42%	50.09%	51.01%	41.27%	41.98%

March 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,241,800K ÷ $5,349,600K
= 41.91%

Take-Two Interactive Software Inc's gross profit margin has shown fluctuations over the past few quarters. The trend indicates a decline in the gross profit margin from the previous year, with a high of 58.63% in June 2021 and a low of 36.99% in December 2023. The most recent data as of March 31, 2024, reflects a gross profit margin of 41.91%.

The decreasing trend in the gross profit margin could be attributed to various factors such as changes in pricing strategies, cost of goods sold, or changes in revenue mix. It is essential for the company to analyze the reasons behind these fluctuations and take necessary steps to improve profitability.

Overall, the company's gross profit margin has been relatively healthy, although the recent decline suggests the need for careful monitoring and strategic adjustments to maintain and improve profitability in the future.