The Ensign Group Inc (ENSG)
Gross 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 525,425 | 559,558 | 544,999 | 530,823 | 511,081 | 504,688 | 490,902 | 472,118 | 463,962 | 446,007 | 428,896 | 416,602 | 406,200 | 346,552 | 333,549 | 313,946 | 292,762 | 321,761 | 301,781 | 1,293,094 |
| Revenue (ttm) | US$ in thousands | 3,731,458 | 3,554,106 | 3,388,158 | 3,200,096 | 3,026,034 | 2,910,738 | 2,808,673 | 2,713,098 | 2,627,461 | 2,566,044 | 2,496,870 | 2,442,374 | 2,402,596 | 2,093,511 | 2,091,399 | 2,076,776 | 2,032,067 | 2,250,949 | 2,161,856 | 3,084,516 |
| Gross profit margin | 14.08% | 15.74% | 16.09% | 16.59% | 16.89% | 17.34% | 17.48% | 17.40% | 17.66% | 17.38% | 17.18% | 17.06% | 16.91% | 16.55% | 15.95% | 15.12% | 14.41% | 14.29% | 13.96% | 41.92% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $525,425K ÷ $3,731,458K
= 14.08%
The gross profit margin of Ensign Group Inc has shown a slight declining trend over the past few quarters. From Q4 2022 to Q4 2023, the margin decreased from 22.18% to 21.13%. This indicates that the company's cost of goods sold relative to its revenue has increased, impacting its profitability at the gross level. Despite the fluctuations, the gross profit margin has generally remained within the range of the low twenties, reflecting some stability in the company's ability to generate profit from its core business operations. Further analysis of cost structures and revenue streams may be needed to understand the specific factors driving these trends in the gross profit margin.
Peer comparison
Dec 31, 2023