Elevance Health Inc (ELV)
Operating profit margin
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 8,499,000 | 8,643,000 | 9,138,000 | 8,856,000 | 8,452,000 | 8,212,000 | 8,020,000 | 7,755,000 | 7,489,000 | 6,906,000 | 5,048,000 | 6,327,000 | 6,360,000 | 6,853,000 | 8,180,000 | 6,253,000 | 5,999,000 | 5,651,000 | 5,372,000 | 5,498,000 |
| Revenue (ttm) | US$ in thousands | 171,340,000 | 168,622,000 | 165,712,000 | 160,672,000 | 156,595,000 | 153,247,000 | 149,130,000 | 144,349,000 | 138,639,000 | 133,882,000 | 129,218,000 | 124,631,000 | 121,867,000 | 117,450,000 | 112,966,000 | 109,168,000 | 104,213,000 | 100,179,000 | 96,756,000 | 94,234,000 |
| Operating profit margin | 4.96% | 5.13% | 5.51% | 5.51% | 5.40% | 5.36% | 5.38% | 5.37% | 5.40% | 5.16% | 3.91% | 5.08% | 5.22% | 5.83% | 7.24% | 5.73% | 5.76% | 5.64% | 5.55% | 5.83% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $8,499,000K ÷ $171,340,000K
= 4.96%
Elevance Health Inc's operating profit margin has shown a fluctuating trend over the past eight quarters. The operating profit margin ranged from a low of 4.07% in Q4 2023 to a high of 5.11% in Q1 2022.
Overall, the operating profit margin has been relatively stable, hovering around the 4.5% to 5.1% range over this period. This stability indicates that Elevance Health Inc has been able to effectively manage its operating expenses compared to its revenue generation.
It is worth noting that the operating profit margin decreased slightly in the recent quarters compared to earlier periods, with Q2 2023 and Q1 2023 showing the lowest margins in the provided data. This reduction may be a result of various factors such as changes in the cost structure, pricing strategy, or overall industry conditions.
Further analysis and comparison with industry benchmarks would provide more insights into the company's performance and competitiveness in the market.
Peer comparison
Dec 31, 2023
See also:
Elevance Health Inc Operating Profit Margin (Quarterly Data)