Healthcare Services Group Inc (HCSG)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 38,386 | 31,947 | 37,763 | 35,985 | 34,630 | 20,576 | 29,794 | 32,539 | 45,863 | 71,505 | 89,609 | 103,145 | 98,682 | 89,830 | 80,530 | 75,615 | 64,581 | 77,238 | 84,980 | 92,608 |
| 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 |
| Net profit margin | 2.31% | 1.92% | 2.26% | 2.14% | 2.05% | 1.22% | 1.76% | 1.96% | 2.79% | 4.35% | 5.38% | 6.00% | 5.61% | 5.04% | 4.46% | 4.17% | 3.51% | 4.09% | 4.38% | 4.67% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $38,386K ÷ $1,664,939K
= 2.31%
The net profit margin of Healthcare Services Group, Inc. has demonstrated some fluctuations over the past eight quarters. The company's net profit margin ranged from a low of 1.22% in Q3 2022 to a high of 2.30% in Q4 2023. This indicates varying levels of profitability relative to its revenue during the period under review.
On average, the net profit margin seems to be around 2%, with some quarters performing slightly better or worse. The increasing trend from Q3 2022 to Q4 2023 suggests improving profitability, which could be a positive sign for the company's financial performance.
It is important to further investigate the factors contributing to these fluctuations in net profit margin, such as changes in revenue, expenses, or operational efficiency, to gain a deeper understanding of Healthcare Services Group, Inc.'s overall financial health.