Wynn Resorts Limited (WYNN)

Operating 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
Operating income (ttm)	US$ in thousands	840,171	581,654	466,068	163,704	-100,676	-305,508	-336,181	-313,674	-394,541	-467,528	-666,871	-1,160,366	-1,232,045	-826,856	-366,014	375,718	878,305	898,010	1,011,158	1,072,014
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
Operating profit margin		13.91%	11.27%	10.49%	4.35%	-3.04%	-9.04%	-9.61%	-8.74%	-11.75%	-15.56%	-28.35%	-78.78%	-74.37%	-31.70%	-9.41%	6.92%	14.21%	14.20%	15.52%	16.34%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $840,171K ÷ $6,041,540K
= 13.91%

Wynn Resorts Ltd.'s operating profit margin has shown fluctuating trends over the past eight quarters. The company experienced significant improvements in its operating profit margin from Q1 2022 to Q4 2023, indicating enhanced operational efficiency and cost management. The margin increased from negative figures in Q1 2023 and Q4 2022 to positive results in Q4 2023, showcasing a positive trajectory. However, it is important to note that the margin dipped in Q2 and Q3 2023 compared to the previous quarters. Overall, the company has demonstrated an ability to enhance profitability through effective cost control measures, but there may be room for further improvement in maintaining consistent positive margins.