Wynn Resorts Limited (WYNN)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 840,171 | -100,676 | -394,541 | -1,232,040 | 878,305 |
| Revenue | US$ in thousands | 6,041,540 | 3,310,710 | 3,369,780 | 1,656,560 | 6,181,400 |
| Operating profit margin | 13.91% | -3.04% | -11.71% | -74.37% | 14.21% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $840,171K ÷ $6,041,540K
= 13.91%
The operating profit margin of Wynn Resorts Ltd. has shown significant fluctuations over the past five years. In 2019, the operating profit margin was relatively healthy at 13.29%, indicating that the company was generating a reasonable level of operating profit compared to its revenue.
However, in 2020, there was a sharp decline in the operating profit margin to -58.78%, signifying that the company faced challenges and incurred significant operating losses during that year, possibly due to the impact of the COVID-19 pandemic on the hospitality and gaming industry.
The negative trend continued in 2021 and 2022, with operating profit margins of -10.48% and -7.52% respectively. These figures suggest that Wynn Resorts Ltd. continued to struggle with operational efficiency and profitability during these years.
In 2023, there was a notable improvement in the operating profit margin to 14.31%, indicating a positive turnaround in the company's operating performance compared to the previous years. This improvement may have been driven by strategic initiatives, cost-cutting measures, or improved revenue generation.
Overall, the fluctuating operating profit margins of Wynn Resorts Ltd. demonstrate the company's susceptibility to external factors and its ability to adapt and improve its operational efficiency over time.
Peer comparison
Dec 31, 2023