Healthcare Services Group Inc (HCSG)
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 | 31,274 | 16,608 | 35,246 | 42,900 | 50,022 | 34,797 | 42,004 | 38,155 | 49,469 | 79,559 | 100,838 | 112,276 | 113,108 | 532,151 | 522,707 | 522,667 | 498,535 | 547,983 | 555,015 | 563,804 |
| Revenue (ttm) | US$ in thousands | 1,664,939 | 1,662,797 | 1,671,964 | 1,678,501 | 1,690,839 | 1,688,983 | 1,688,540 | 1,662,128 | 1,641,959 | 1,644,689 | 1,665,046 | 1,718,904 | 1,760,303 | 1,784,086 | 1,803,745 | 1,813,817 | 1,840,878 | 1,890,326 | 1,941,491 | 1,983,022 |
| Gross profit margin | 1.88% | 1.00% | 2.11% | 2.56% | 2.96% | 2.06% | 2.49% | 2.30% | 3.01% | 4.84% | 6.06% | 6.53% | 6.43% | 29.83% | 28.98% | 28.82% | 27.08% | 28.99% | 28.59% | 28.43% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $31,274K ÷ $1,664,939K
= 1.88%
The gross profit margin of Healthcare Services Group, Inc. has shown a fluctuating trend over the past eight quarters. In Q4 2023, the gross profit margin increased to 12.85% compared to the previous quarter's 11.88%. This suggests an improvement in the company's ability to generate profit from its core operations. However, it is important to note that the gross profit margin has been volatile, with fluctuations observed in each quarter. Overall, the company's gross profit margin has generally been in the range of 10.66% to 12.85% over the past two years, indicating some variability in the company's operational efficiency and cost management. Further analysis and monitoring of the gross profit margin trend will be necessary to assess the company's financial performance and strategic direction in the future.