Healthcare Services Group Inc (HCSG)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 31,156 | 49,922 | 49,369 | 113,008 | 70,320 |
| Revenue | US$ in thousands | 1,664,880 | 1,690,840 | 1,641,960 | 1,760,300 | 1,837,420 |
| Gross profit margin | 1.87% | 2.95% | 3.01% | 6.42% | 3.83% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $31,156K ÷ $1,664,880K
= 1.87%
The gross profit margin of Healthcare Services Group, Inc. has fluctuated over the past five years, ranging from 11.47% in 2022 to 15.22% in 2020. In 2023, the gross profit margin was 12.85%. This indicates that the company's ability to generate profits from its core operations relative to its revenue has varied. A declining trend from 2020 to 2022 suggests potential challenges in managing production or input costs, while the improvement in 2023 may indicate efforts to enhance efficiency or price management. Further analysis and comparison with industry peers would provide additional insights into the company's performance and competitiveness in the market.