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.