The Ensign Group Inc (ENSG)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 255,367 | 296,825 | 260,465 | 223,155 | 129,180 |
| Revenue | US$ in thousands | 3,721,290 | 3,025,470 | 2,627,460 | 2,402,600 | 2,029,210 |
| Operating profit margin | 6.86% | 9.81% | 9.91% | 9.29% | 6.37% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $255,367K ÷ $3,721,290K
= 6.86%
The operating profit margin of Ensign Group Inc has shown fluctuations over the past five years. The margin was at 6.34% in 2019, improved to 9.29% in 2020, further increased to 9.91% in 2021, and then slightly decreased to 9.81% in 2022. However, there was a more significant decline to 6.85% in 2023. This downward trend in operating profit margin in the most recent year may indicate potential challenges in managing operating expenses relative to revenues, impacting the company's profitability. Further analysis of cost controls and revenue generation strategies may be warranted to address this decline in operating profit margin.
Peer comparison
Dec 31, 2023