Adapthealth Corp (AHCO)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	-776,996	-245,344	270,400	280,362	309,392	107,240	116,691	117,629	80,963	84,663	41,894	13,351	23,896	60,714	62,562	50,738	47,833	-3,717	-2,913	-1,277
Revenue (ttm)	US$ in thousands	3,071,305	2,996,410	2,952,637	2,893,848	2,862,561	2,123,026	2,015,922	1,899,702	1,673,661	1,677,361	1,322,838	961,338	689,118	816,705	675,717	560,602	488,217	638,679	615,140	572,856
Gross profit margin		-25.30%	-8.19%	9.16%	9.69%	10.81%	5.05%	5.79%	6.19%	4.84%	5.05%	3.17%	1.39%	3.47%	7.43%	9.26%	9.05%	9.80%	-0.58%	-0.47%	-0.22%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-776,996K ÷ $3,071,305K
= -25.30%

AdaptHealth Corp's gross profit margin has exhibited some fluctuations over the past eight quarters. In Q4 2023, the company's gross profit margin was 14.99%, showing an increase from the previous quarter's 12.83%. However, this figure is lower compared to Q4 2022, which stood at 14.05%.

Overall, the trend shows a gradual decline in the gross profit margin since Q1 2022, where it was reported at 17.52%. This may indicate potential challenges in managing production costs or maintaining pricing strategies in a competitive market environment. Further analysis of the company's cost structure and pricing strategies is recommended to identify underlying factors influencing the gross profit margin performance.