Community Healthcare Trust Inc (CHCT)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 45,714 | 50,503 | 48,065 | 41,538 | 30,905 |
| Revenue | US$ in thousands | 112,845 | 97,679 | 90,579 | 75,684 | 60,849 |
| Gross profit margin | 40.51% | 51.70% | 53.06% | 54.88% | 50.79% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $45,714K ÷ $112,845K
= 40.51%
Community Healthcare Trust Inc's gross profit margin has shown a consistent trend of moderate fluctuations over the past five years, ranging from 79.89% in 2019 to 83.27% in 2021. The margin decreased slightly in 2020 to 82.01% but rebounded in 2021 to reach its highest level in the period at 83.27%. However, the margin declined again in 2022 to 82.97% and further decreased in 2023 to 81.64%.
Overall, the company has maintained a relatively high level of gross profit margin, indicating efficient cost management and pricing strategies in generating profits from its operations. The downward trend in recent years, specifically in 2022 and 2023, may warrant further analysis to identify the specific factors contributing to the decrease and to assess the sustainability of the margin in the future.
Peer comparison
Dec 31, 2023