Adapthealth Corp (AHCO)

Net 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
Net income (ttm)	US$ in thousands	-678,895	-426,980	43,218	43,273	69,316	94,846	136,816	201,891	156,175	52,717	-56,410	-131,047	-161,632	-90,887	-43,538	-50,091	-21,340	10,263	14,467	17,240
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
Net profit margin		-22.10%	-14.25%	1.46%	1.50%	2.42%	4.47%	6.79%	10.63%	9.33%	3.14%	-4.26%	-13.63%	-23.45%	-11.13%	-6.44%	-8.94%	-4.37%	1.61%	2.35%	3.01%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-678,895K ÷ $3,071,305K
= -22.10%

AdaptHealth Corp's net profit margin has exhibited variability over the past eight quarters, as shown in the data provided. The net profit margin measures the percentage of revenue that translates to profit after accounting for all expenses.

The trend indicates a decline in net profit margins from Q1 2022 to Q4 2023, with the highest margin of 6.87% in Q1 2022 and the lowest margin of -21.21% in Q4 2023. A negative net profit margin, as seen in Q4 2023 and Q3 2023, signifies that the company incurred a loss during those quarters.

It is important to delve deeper into the reasons behind the fluctuating net profit margins to assess the company's operational efficiency, cost management practices, revenue generation, and overall financial health. Further analysis and comparison with industry benchmarks can provide valuable insights into the company's performance and its prospects for sustainable profitability in the future.