Boyd Gaming's gross profit for the
three
months ended in Dec. 2023 was $505 Mil. Boyd Gaming's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $2,019 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Boyd Gaming's gross profit for the
three
months ended in Dec. 2023 was $505 Mil. Boyd Gaming's Revenue for the
three
months ended in Dec. 2023 was $954 Mil. Therefore, Boyd Gaming's Gross Margin % for the quarter that ended in Dec. 2023 was 52.90%.
Boyd Gaming had a gross margin of 52.90% for the quarter that ended in Dec. 2023 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of Boyd Gaming was 57.49%. The lowest was 44.71%. And the median was 47.80%.
Boyd Gaming Gross Profit Historical Data
The historical data trend for Boyd Gaming's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Boyd Gaming's Gross Profit
For the Resorts & Casinos subindustry, Boyd Gaming's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Boyd Gaming's Gross Profit Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Boyd Gaming's Gross Profit distribution charts can be found below:
* The bar in red indicates where Boyd Gaming's Gross Profit falls into.
Boyd Gaming Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Boyd Gaming's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,019 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Boyd Gaming's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Boyd Gaming (NYSE:BYD) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Boyd Gaming had a gross margin of 52.90% for the quarter that ended in Dec. 2023 => Durable competitive advantage
Boyd Gaming Gross Profit Related Terms
Thank you for viewing the detailed overview of Boyd Gaming's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Boyd Gaming Corp is a multi-jurisdictional gaming company. The company operates wholly owned gaming entertainment properties (casino space, slot machines, table games, and hotel rooms) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Its business segments are separated by geographical regions: Las Vegas Locals; Downtown Las Vegas; and Midwest and South. Midwest and South holds the largest number of entertainment properties, and it generates most sales for the company. Boyd generates most of its revenue from its gaming operations.
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