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Wynn Resorts Gross Margin %

: 37.33% (As of Jun. 2022)
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Gross Margin % is calculated as gross profit divided by its revenue. Wynn Resorts's Gross Profit for the three months ended in Jun. 2022 was $339 Mil. Wynn Resorts's Revenue for the three months ended in Jun. 2022 was $909 Mil. Therefore, Wynn Resorts's Gross Margin % for the quarter that ended in Jun. 2022 was 37.33%.

Warning Sign:

Wynn Resorts Ltd gross margin has been in long-term decline. The average rate of decline per year is -9.5%.


The historical rank and industry rank for Wynn Resorts's Gross Margin % or its related term are showing as below:

WYNN' s Gross Margin % Range Over the Past 10 Years
Min: 16.83   Med: 38.3   Max: 39.17
Current: 33.57


During the past 13 years, the highest Gross Margin % of Wynn Resorts was 39.17%. The lowest was 16.83%. And the median was 38.30%.

WYNN's Gross Margin % is ranked worse than
57.03% of 775 companies
in the Travel & Leisure industry
Industry Median: 39.58 vs WYNN: 33.57

Wynn Resorts had a gross margin of 37.33% for the quarter that ended in Jun. 2022 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Wynn Resorts was -9.50% per year.


Wynn Resorts Gross Margin % Historical Data

The historical data trend for Wynn Resorts's Gross Margin % 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.

* Premium members only.

Wynn Resorts Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38.60 39.17 38.48 16.83 32.02

Wynn Resorts Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36.35 30.87 32.08 35.14 37.33

Competitive Comparison

For the Resorts & Casinos subindustry, Wynn Resorts's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.

   

Wynn Resorts Gross Margin % Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Wynn Resorts's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Wynn Resorts's Gross Margin % falls into.



Wynn Resorts Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Wynn Resorts's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )=Gross Profit (A: Dec. 2021 ) / Revenue (A: Dec. 2021 )
=1205.1 / 3763.664
=(Revenue - Cost of Goods Sold) / Revenue
=(3763.664 - 2558.581) / 3763.664
=32.02 %

Wynn Resorts's Gross Margin for the quarter that ended in Jun. 2022 is calculated as


Gross Margin % (Q: Jun. 2022 )=Gross Profit (Q: Jun. 2022 ) / Revenue (Q: Jun. 2022 )
=339.2 / 908.832
=(Revenue - Cost of Goods Sold) / Revenue
=(908.832 - 569.59) / 908.832
=37.33 %

* 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.


Wynn Resorts  (NAS:WYNN) Gross Margin % 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

Wynn Resorts had a gross margin of 37.33% for the quarter that ended in Jun. 2022 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Wynn Resorts Gross Margin % Related Terms

Thank you for viewing the detailed overview of Wynn Resorts's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Wynn Resorts Business Description

Wynn Resorts logo
Address
3131 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109
Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, Encore Boston Harbor in Massachusetts opened June 2019. Additionally, we expect the company to begin construction on a new building next to its existing Macao Palace resort in 2022, which we forecast to open in 2025. The company also operates Wynn Interactive, a digital sports betting and iGaming platform. The company received 76% and 24% of its 2019 prepandemic EBITDA from Macao and Las Vegas, respectively.
Executives
Cameron-doe Julie officer: CFO C/O WYNN RESORTS, LIMITED 3131 LAS VEGAS BOULEVARD S. LAS VEGAS NV 89109
Strom Darnell O. director C/O WYNN RESORTS, LIMITED 3131 LAS VEGAS BOULEVARD S. LAS VEGAS NV 89109
Byrne Richard J director 350 PARK AVENUE 20TH FLOOR NEW YORK NY 10022
Satre Philip G director
Whittemore Ellen F officer: EVP and General Counsel C/O WYNN RESORTS, LIMITED 3131 LAS VEGAS BOULEVARD SOUTH LAS VEGAS NV 89109
Atkins Betsy S director
Myers Margaret Jane director C/O WYNN RESORTS, LIMITED 3131 LAS VEGAS BOULEVARD SOUTH LAS VEGAS NV 89109
Webb Winifred Markus director 9330 BALBOA AVE SAN DIEGO CA 92123
Wynn Stephen A 10 percent owner 3131 LAS VEGAS BOULEVARD SOUTH LAS VEGAS NV 89109
Billings Craig Scott officer: CFO and Treasurer C/O WYNN RESORTS, LIMITED 3131 LAS VEGAS BOULEVARD SOUTH LAS VEGAS NV 89109
Cootey Stephen Lawrence officer: CFO, SVP and Treasurer C/O RED ROCK RESORTS, INC. 1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135
Johnson Jay L director P O BOX 26532 RICHMOND VA 23261
Virtue J Edward director 320 PARK AVENUE 17TH FLOOR NEW YORK NY 10022
Wayson Daniel Boone director C/O WYNN RESORTS, LIMITED 3145 LAS VEGAS BOULEVARD SOUTH LAS VEGAS NV 89109
Miller Robert Jos director 6363 SOUTH FIDDLERS GREEN CIRCLE GREENWOOD VILLAGE CO 80111

Wynn Resorts Headlines

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