Chemed Corp (CHE)

Gross profit margin

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	868,647	822,827	800,736	792,916	782,122	783,276	768,333	745,697	760,541	765,086	772,652	789,617	776,913	769,803	763,393	755,947	724,220	701,386	678,115	641,488
Revenue (ttm)	US$ in thousands	2,482,047	2,431,287	2,377,206	2,335,557	2,293,493	2,264,417	2,225,159	2,187,099	2,164,571	2,134,963	2,129,287	2,141,482	2,142,450	2,139,261	2,131,572	2,121,202	2,091,145	2,079,583	2,068,618	2,020,934
Gross profit margin		35.00%	33.84%	33.68%	33.95%	34.10%	34.59%	34.53%	34.10%	35.14%	35.84%	36.29%	36.87%	36.26%	35.98%	35.81%	35.64%	34.63%	33.73%	32.78%	31.74%

March 31, 2025 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $868,647K ÷ $2,482,047K
= 35.00%

Chemed Corp's gross profit margin has shown a generally increasing trend over the time period provided. Starting at 31.74% on June 30, 2020, the margin has steadily improved to reach 35.00% on March 31, 2025. This indicates that the company has been able to effectively manage its cost of goods sold and generate higher gross profits relative to its revenues. However, there were fluctuations in the margin over some quarters, such as a decrease from June 30, 2022, to September 30, 2022, and a decline from March 31, 2024, to June 30, 2024, which could be indicators of changing market conditions or operational challenges. Overall, the increasing trend in the gross profit margin reflects positively on Chemed Corp's ability to maintain profitability and efficiency in its core business operations.