Healthcare Services Group Inc (HCSG)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 38,386 | 34,243 | 45,863 | 98,682 | 64,581 |
| Revenue | US$ in thousands | 1,664,880 | 1,690,840 | 1,641,960 | 1,760,300 | 1,837,420 |
| Net profit margin | 2.31% | 2.03% | 2.79% | 5.61% | 3.51% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $38,386K ÷ $1,664,880K
= 2.31%
Over the past five years, Healthcare Services Group, Inc. has displayed fluctuating net profit margins. The net profit margin decreased from 5.61% in 2020 to 2.79% in 2021, representing a significant decline. However, there was a slight improvement in 2022 with a margin of 2.05%. In 2023, the net profit margin increased to 2.30%, indicating a partial recovery but still remaining below the levels seen in 2020. This suggests that the company may be facing challenges in maintaining profitability, which could be attributed to various factors such as changes in revenue, operating expenses, or efficiency in cost management. Further analysis of the company's financial performance and operational strategies would be needed to fully understand the drivers behind these fluctuations in the net profit margin.