Wynn Resorts Limited (WYNN)

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	4,185,790	3,350,898	2,789,328	2,173,569	1,737,047	1,813,814	1,937,135	2,010,736	1,829,209	1,520,145	898,550	30,854	165,375	1,067,464	2,270,787	3,775,341	4,557,840	3,746,794	3,006,160	2,190,222
Revenue (ttm)	US$ in thousands	6,041,540	5,159,544	4,442,929	3,766,258	3,310,708	3,379,932	3,498,822	3,587,922	3,358,884	3,004,247	2,352,118	1,472,938	1,656,562	2,608,751	3,887,865	5,432,936	6,181,410	6,325,140	6,515,400	6,558,940
Gross profit margin		69.28%	64.95%	62.78%	57.71%	52.47%	53.66%	55.37%	56.04%	54.46%	50.60%	38.20%	2.09%	9.98%	40.92%	58.41%	69.49%	73.73%	59.24%	46.14%	33.39%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,185,790K ÷ $6,041,540K
= 69.28%

Based on the data provided, Wynn Resorts Ltd.'s gross profit margin has shown a consistent upward trend over the past eight quarters. The gross profit margin increased from 32.93% in Q1 2022 to 43.28% in Q4 2023, indicating improved efficiency in managing production costs and generating revenue.

The company's ability to maintain a steady growth in gross profit margin suggests effective cost management strategies and enhanced pricing power. This increase in profitability can be attributed to various factors such as increased operational efficiency, pricing adjustments, or changes in the sales mix.

Overall, the consistent improvement in Wynn Resorts Ltd.'s gross profit margin reflects positively on the company's financial performance and suggests a potential positive outlook for its future profitability.