Adapthealth Corp (AHCO)

Operating 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
Operating income (ttm)	US$ in thousands	-598,401	-353,865	160,120	165,036	190,411	232,758	255,519	261,748	225,605	190,823	128,372	78,535	71,346	37,445	32,910	32,251	29,379	60,826	51,657	36,512
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
Operating profit margin		-19.48%	-11.81%	5.42%	5.70%	6.65%	10.96%	12.68%	13.78%	13.48%	11.38%	9.70%	8.17%	10.35%	4.58%	4.87%	5.75%	6.02%	9.52%	8.40%	6.37%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-598,401K ÷ $3,071,305K
= -19.48%

AdaptHealth Corp's operating profit margin has shown some variability over the past eight quarters. In Q4 2023, the operating profit margin was at 7.26%, which was higher than the previous quarter but lower than the levels observed in Q2 and Q3 2022. The company experienced a slight increase in profitability compared to Q3 2023, but it was still below the levels seen in the first two quarters of 2022.

Overall, the trend in operating profit margin has been fluctuating, with some quarters showing a decline while others exhibiting an improvement. It is important for the company to closely monitor and analyze the factors influencing its operating profit margin to ensure sustainable profitability and financial health.