Adapthealth Corp (AHCO)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 350,692 | 309,392 | 342,060 | 125,319 | 47,832 |
| Revenue | US$ in thousands | 3,071,300 | 2,862,560 | 2,350,980 | 1,023,920 | 488,218 |
| Gross profit margin | 11.42% | 10.81% | 14.55% | 12.24% | 9.80% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $350,692K ÷ $3,071,300K
= 11.42%
The gross profit margin of AdaptHealth Corp has shown fluctuations over the past five years. In 2023, the gross profit margin was 14.99%, slightly higher than the previous year's 14.05%. This indicates that the company was able to improve its gross profit relative to its revenue in 2023. However, the gross profit margin was lower compared to 2021, when it stood at 18.15%.
The trend in gross profit margin for AdaptHealth Corp during this period suggests some variability in the company's ability to generate profits from its core operations. It is important for stakeholders to further investigate the factors contributing to these fluctuations to understand the company's operational efficiency and pricing strategies.
Peer comparison
Dec 31, 2023