Gross Margin % is calculated as gross profit divided by its revenue. Park Hotels & Resorts's Gross Profit for the
three
months ended in Jun. 2022 was $223 Mil. Park Hotels & Resorts's Revenue for the
three
months ended in Jun. 2022 was $695 Mil. Therefore, Park Hotels & Resorts's Gross Margin % for the quarter that ended in Jun. 2022 was 32.09%.
The historical rank and industry rank for Park Hotels & Resorts's Gross Margin % or its related term are showing as below:
PK'
s Gross Margin % Range Over the Past 10 Years
Min: -18.9 Med: 30.03 Max: 30.84
Current: 25.44
During the past 9 years, the highestGross Margin % of Park Hotels & Resorts was 30.84%. The lowest was -18.90%. And the median was 30.03%.
PK's Gross Margin % is ranked worse than 97.34% of 639
companies
in the REITs industry
Industry Median: 68.76
vs PK: 25.44
Park Hotels & Resorts had a gross margin of 32.09% for the quarter that ended in Jun. 2022 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Park Hotels & Resorts was 0.00% per year.
Park Hotels & Resorts Gross Margin % Historical Data
The historical data trend for Park Hotels & 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.
Park Hotels & Resorts Annual Data
Trend
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Gross Margin %
29.20
30.03
30.34
-18.90
16.67
Park Hotels & 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 %
17.03
22.46
22.39
21.29
32.09
Competitive Comparison
For the REIT - Hotel & Motel subindustry, Park Hotels & 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.
Park Hotels & Resorts Gross Margin % Distribution
For the REITs industry and Real Estate sector, Park Hotels & Resorts's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Park Hotels & Resorts's Gross Margin % falls into.
* 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.
Park Hotels & Resorts (NYSE:PK) 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
Park Hotels & Resorts had a gross margin of 32.09% 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.
Park Hotels & Resorts Gross Margin % Related Terms
Thank you for viewing the detailed overview of Park Hotels & Resorts's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Park Hotels & Resorts owns upper-upscale and luxury hotels with 27,889 rooms across 48 hotels in the United States. Park also has interests through joint ventures in another 4,297 rooms in seven U.S. hotels. Park was spun out of narrow-moat Hilton Worldwide Holdings at the start of 2017, so most of the company's hotels are still under Hilton brands. The company has sold all its international hotels and 15 lower-quality U.S. hotels to focus on high-quality assets in domestic, gateway markets.
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