Viad Corp (VVI)

Gross profit margin

		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	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	1,201,148	1,196,965	791,144	802,278	716,907	630,976	864,477	589,458	477,778	299,142	123,719	94,422	349,875	669,709	980,902	1,351,416	1,349,334	1,330,450	1,329,293	1,295,323
Revenue (ttm)	US$ in thousands	1,206,572	1,201,986	1,217,882	1,230,247	1,145,072	1,059,757	873,248	597,613	488,124	334,814	168,297	138,328	407,336	702,063	1,003,473	1,377,118	1,358,273	1,338,442	1,335,023	1,297,024
Gross profit margin		99.55%	99.58%	64.96%	65.21%	62.61%	59.54%	99.00%	98.64%	97.88%	89.35%	73.51%	68.26%	85.89%	95.39%	97.75%	98.13%	99.34%	99.40%	99.57%	99.87%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,201,148K ÷ $1,206,572K
= 99.55%

Viad Corp.'s gross profit margin has shown improvement in recent quarters based on the data provided. In Q4 2023, the gross profit margin increased to 8.76%, marking a positive trend compared to the previous quarters. This improvement indicates that Viad Corp. has been able to effectively control its costs of goods sold and generate higher profits from its sales.

The company's gross profit margin fluctuated in the earlier quarters of 2023, ranging from 7.26% to 7.76%. Despite some variability, Viad Corp. managed to maintain a relatively stable gross profit margin within this range.

Comparing to the same quarter of the previous year, there has been a significant improvement in Q4 2023, as the gross profit margin was 6.12% in Q4 2022. This year-over-year increase reflects positively on Viad Corp.'s ability to enhance its operational efficiency and profitability over time.

It is worth noting that there was a significant negative gross profit margin of -4.80% in Q1 2022, indicating that Viad Corp. experienced challenges during that period. However, the company has since demonstrated resilience and successfully turned the situation around to achieve positive gross profit margins in subsequent quarters.

Overall, the improving trend in Viad Corp.'s gross profit margin reflects positively on the company's financial performance and operational effectiveness. Continued monitoring and analysis of this key metric will be essential for assessing the company's profitability and competitiveness in the future.