Wynn Resorts Limited (WYNN)

Net 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
Net income (ttm)	US$ in thousands	729,994	33,249	7,035	-228,200	-423,856	-633,457	-656,814	-658,132	-755,786	-848,098	-1,439,991	-1,946,186	-2,067,245	-1,870,685	-1,116,039	-383,924	122,985	660,793	820,404	881,609
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
Net profit margin		12.08%	0.64%	0.16%	-6.06%	-12.80%	-18.74%	-18.77%	-18.34%	-22.50%	-28.23%	-61.22%	-132.13%	-124.79%	-71.71%	-28.71%	-7.07%	1.99%	10.45%	12.59%	13.44%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $729,994K ÷ $6,041,540K
= 12.08%

The net profit margin of Wynn Resorts Ltd. has shown significant fluctuations over the past eight quarters. In Q4 2023, the net profit margin improved to 11.18%, a substantial increase from the previous quarter's 0.58%. This positive trend suggests that the company may have effectively managed its costs and expenses to generate higher profits relative to its revenue in the most recent quarter.

Prior to Q4 2023, Wynn Resorts Ltd. experienced a downward trajectory in net profit margins, with negative margins reported in Q1 2023 and Q4 2022. These negative margins indicate that the company's expenses exceeded its revenue during those periods, resulting in net losses. However, there was a gradual improvement in profitability from Q4 2022 to Q3 2023, as the net profit margins shifted from double-digit negatives to low single-digit positives.

Overall, the recent improvement in net profit margin in Q4 2023 is a positive sign for Wynn Resorts Ltd., suggesting potential efficiency gains or revenue growth. It will be important to monitor future quarters to assess the sustainability of this positive trend and evaluate the company's ability to consistently generate profits in relation to its revenue.