Henry Schein Inc (HSIC)
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 | 3,861,000 | 3,935,000 | 3,854,000 | 3,824,000 | 3,831,000 | 3,812,000 | 3,810,000 | 3,756,000 | 3,674,000 | 3,553,711 | 3,395,979 | 2,959,245 | 2,814,259 | 2,765,146 | 2,772,045 | 3,085,210 | 3,090,886 | 3,031,219 | 2,992,411 | 2,943,308 |
| Revenue (ttm) | US$ in thousands | 12,266,000 | 12,632,000 | 12,551,000 | 12,491,000 | 12,603,000 | 12,573,770 | 12,696,850 | 12,636,700 | 12,383,180 | 12,225,710 | 11,875,670 | 10,588,730 | 10,091,310 | 9,779,720 | 9,447,070 | 10,208,200 | 10,131,110 | 10,650,600 | 11,433,890 | 12,325,530 |
| Gross profit margin | 31.48% | 31.15% | 30.71% | 30.61% | 30.40% | 30.32% | 30.01% | 29.72% | 29.67% | 29.07% | 28.60% | 27.95% | 27.89% | 28.27% | 29.34% | 30.22% | 30.51% | 28.46% | 26.17% | 23.88% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,861,000K ÷ $12,266,000K
= 31.48%
The gross profit margin of Henry Schein Inc has shown a general increasing trend over the past few quarters, reaching 31.48% as of December 31, 2023, from 23.88% at the end of December 2019. This indicates that the company has been able to effectively manage its cost of goods sold relative to its revenue. The consistent improvement in gross profit margin reflects the company's ability to generate more profit from each dollar of sales. Investors and analysts generally view a rising gross profit margin positively as it suggests better operational efficiency and pricing power. However, continued monitoring is necessary to ensure this positive trend is maintained in the future.
Peer comparison
Dec 31, 2023