Concentra Group Holdings Parent, Inc. (CON)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | |
|---|---|---|---|
| Gross profit margin | 23.90% | 23.67% | 24.71% |
| Operating profit margin | 15.63% | 14.97% | 15.60% |
| Pretax margin | 9.40% | 13.04% | 15.91% |
| Net profit margin | 9.79% | 9.67% | 12.06% |
Concentra Group Holdings Parent, Inc. has shown consistent trends in its profitability ratios over the three-year period from 2021 to 2023. The gross profit margin ranged from 23.67% to 24.71%, indicating the company's ability to generate revenue after accounting for the cost of goods sold.
The operating profit margin increased from 14.97% in 2022 to 15.63% in 2023, showcasing an improvement in the efficiency of the company's operations in generating profits from its core business activities. The pretax margin decreased from 15.91% in 2021 to 9.40% in 2023, indicating a decline in the company's profitability before accounting for taxes.
Similarly, the net profit margin declined from 12.06% in 2021 to 9.79% in 2023, reflecting a reduction in the company's profitability after all expenses have been accounted for. Overall, while Concentra Group Holdings Parent, Inc. has maintained relatively stable gross and operating profit margins, the downward trend in pretax and net profit margins suggests a need for the company to focus on improving its cost management and operational efficiency to enhance profitability in the future.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | |
|---|---|---|---|
| Operating return on assets (Operating ROA) | 12.32% | 11.24% | — |
| Return on assets (ROA) | 7.71% | 7.26% | — |
| Return on total capital | 24.84% | 26.36% | — |
| Return on equity (ROE) | 15.57% | 17.13% | — |
Concentra Group Holdings Parent, Inc. has demonstrated consistent profitability over the past few years based on the provided profitability ratios.
- Operating return on assets (Operating ROA) has shown a positive trend, increasing from 11.24% in 2022 to 12.32% in 2023. This indicates that the company is effectively generating operating income from its assets.
- Return on assets (ROA) has also improved over the same period, rising from 7.26% in 2022 to 7.71% in 2023. This ratio reflects the company's ability to generate profit from its total assets.
- Return on total capital has shown a slight decrease from 26.36% in 2022 to 24.84% in 2023. This ratio evaluates the company's efficiency in generating returns from both equity and debt capital.
- Return on equity (ROE) has decreased from 17.13% in 2022 to 15.57% in 2023. This indicates the rate of return on shareholders' equity investment in the company.
Overall, Concentra Group Holdings Parent, Inc. has maintained strong profitability ratios, with improvements in some areas and slight decreases in others. The company's ability to effectively utilize its assets, capital, and equity to generate profits suggests good financial performance and management efficiency.