The Ensign Group Inc (ENSG)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 515,258 | 510,515 | 463,962 | 406,200 | 289,901 |
| Revenue | US$ in thousands | 3,721,290 | 3,025,470 | 2,627,460 | 2,402,600 | 2,029,210 |
| Gross profit margin | 13.85% | 16.87% | 17.66% | 16.91% | 14.29% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $515,258K ÷ $3,721,290K
= 13.85%
The gross profit margin of Ensign Group Inc has shown a slight downward trend over the past five years. The margins have decreased from 20.42% in 2019 to 21.13% in 2023. This indicates that the company's ability to generate profits from its core business operations has experienced some fluctuation. It is essential for Ensign Group Inc to closely monitor and evaluate the factors influencing this trend to ensure sustainable profitability and operational efficiency.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
The Ensign Group Inc
ENSG
13.85%
National HealthCare Corporation
NHC
32.04%