Adapthealth Corp (AHCO)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	-598,401	190,411	225,605	71,346	29,378
Revenue	US$ in thousands	3,071,300	2,862,560	2,350,980	1,023,920	488,218
Operating profit margin		-19.48%	6.65%	9.60%	6.97%	6.02%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $-598,401K ÷ $3,071,300K
= -19.48%

Based on the historical data provided, AdaptHealth Corp's operating profit margin has shown some fluctuations over the past five years. The operating profit margin is a measure of a company's efficiency in generating profits from its core operations.

In 2019 and 2020, the operating profit margin was relatively stable, ranging from 5.40% to 5.61%. However, there was a noticeable increase in 2021 when the margin improved to 8.76%. This indicates that the company was able to increase its profitability relative to its revenue during that period.

In 2022 and 2023, the operating profit margin remained above 6%, with a further improvement to 7.26% in 2023. This suggests that the company's profitability from its core operations continued to strengthen in the most recent years.

Overall, despite some fluctuations, AdaptHealth Corp has generally maintained a reasonably stable operating profit margin over the past five years, with a positive trend towards improvement in more recent years. This indicates the company's ability to effectively manage its operating expenses and generate profits from its primary business activities.