Chemed Corp (CHE)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 272,509 | 249,624 | 268,550 | 319,466 | 219,923 |
| Revenue | US$ in thousands | 2,264,420 | 2,134,960 | 2,139,260 | 2,079,580 | 1,938,560 |
| Net profit margin | 12.03% | 11.69% | 12.55% | 15.36% | 11.34% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $272,509K ÷ $2,264,420K
= 12.03%
Chemed Corp.'s net profit margin has shown some fluctuation over the past five years, as indicated in the table. The company's net profit margin was 12.03% in 2023, slightly higher than the previous year's margin of 11.69% in 2022. In 2021, the net profit margin decreased to 12.55% from 15.36% in 2020, showing a significant drop. However, the margin rebounded to 15.36% in 2020 after a slight decrease in 2019 when it was 11.34%.
Overall, the trend in Chemed Corp.'s net profit margin indicates some variability in the profitability of the company over the past five years. Factors such as changes in revenue, cost management, and operational efficiency may have contributed to these fluctuations in net profit margin.
It is essential for stakeholders and investors to closely monitor Chemed Corp.'s net profit margin to assess the company's profitability and financial performance accurately.
Peer comparison
Dec 31, 2023