GreenTree Hospitality Group Ltd. Operating Expenses
| Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Expenses | $13.1M | $14.4M | $23.2M | $19.5M | $36.0M | $31.6M | $48.5M | $117.4M | $48.6M |
GreenTree Hospitality Group Ltd. (GHG) Operating Expenses comparison analysis
General
LTM Operating Expenses
Growth
Company name
YoY growth
3Y CAGR
5Y CAGR
GHG key stats
| Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | |
|---|---|---|---|---|---|---|---|---|---|
% growth | 101.0 0.0% | 97.6 (3.4%) | 115.1 18.0% | 143.0 24.2% | 158.1 10.5% | 134.8 (14.7%) | 186.9 38.6% | 140.7 (24.7%) | 229.9 63.4% |
| Cost of Goods Sold (COGS) | 42.1 | 36.2 | 34.6 | 42.5 | 49.1 | 56.9 | 101.0 | 88.4 | 133.9 |
% margin | 58.9 58.4% | 61.4 62.9% | 80.6 70.0% | 100.5 70.3% | 109.0 69.0% | 77.9 57.8% | 86.0 46.0% | 52.3 37.2% | 96.1 41.8% |
| Operating Expenses | 13.1 | 14.4 | 23.2 | 19.5 | 36.0 | 31.6 | 48.5 | 117.4 | 48.6 |
| Research & Development Expenses (R&D) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Selling, General & Administrative Expenses (SG&A) | 14.2 | 15.7 | 24.7 | 22.0 | 39.1 | 35.9 | 51.9 | 119.8 | 50.8 |
% margin | 45.8 45.3% | 47.0 48.2% | 57.3 49.8% | 81.0 56.6% | 73.0 46.2% | 46.3 34.3% | 37.5 20.0% | (65.2) (46.3%) | 47.4 20.6% |
| Interest Income | 3.1 | 3.3 | 3.9 | 7.5 | 9.6 | 10.6 | 9.3 | 7.1 | 5.8 |
| Interest Expense | 0.0 | 0.0 | 0.2 | 0.1 | 0.4 | 0.5 | 2.0 | 3.8 | 2.0 |
| Pre-tax Income | 53.0 | 54.3 | 69.9 | 85.1 | 90.6 | 51.4 | 48.5 | (67.5) | 53.5 |
% effective tax rate | 12.7 24.1% | 12.6 23.3% | 27.6 39.5% | 24.2 28.5% | 27.4 30.3% | 16.0 31.2% | 16.3 33.7% | (6.9) 10.1% | 16.7 31.3% |
% margin | 37.5 37.1% | 40.1 41.1% | 42.2 36.7% | 59.6 41.7% | 64.1 40.5% | 37.9 28.1% | 32.8 17.5% | (60.7) (43.1%) | 38.1 16.6% |
| EPS | 0.18 | 0.20 | 0.40 | 0.60 | 0.63 | 0.37 | 0.32 | (0.59) | 0.37 |
| Diluted EPS | 0.18 | 0.20 | 0.40 | 0.60 | 0.63 | 0.37 | 0.32 | (0.59) | 0.37 |
% margin | 53.5 53.0% | 52.4 53.7% | 64.3 55.8% | 84.5 59.1% | 79.4 50.2% | 55.8 41.4% | 51.2 27.4% | (52.2) (37.1%) | 72.2 31.4% |
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FAQ
1) What is GreenTree Hospitality Group Ltd.'s Operating Expenses?
As of today, GreenTree Hospitality Group Ltd.'s last 12-month Operating Expenses is $38.6M, based on the financial report for Sep 30, 2024 (Q3’2024).
2) What is GreenTree Hospitality Group Ltd.'s Operating Expenses growth rate?
Over the last year, GreenTree Hospitality Group Ltd.'s Operating Expenses growth was (32.7%). The average annual Operating Expenses growth rates for GreenTree Hospitality Group Ltd. have been 2.1% over the past three years, 5.5% over the past five years.
3) Is GreenTree Hospitality Group Ltd.'s Operating Expenses growth rate Good?
Over the last year, GreenTree Hospitality Group Ltd.'s Operating Expenses growth was (32.7%), which is lower than industry growth of 0.0%. It indicates that GreenTree Hospitality Group Ltd.'s Operating Expenses growth is Good.