Humana Inc (HUM)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 92,152,000 | 79,874,000 | 72,882,000 | 67,029,000 | 59,152,000 |
| Revenue | US$ in thousands | 106,374,000 | 92,870,000 | 83,064,000 | 77,155,000 | 64,888,000 |
| Gross profit margin | 86.63% | 86.01% | 87.74% | 86.88% | 91.16% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $92,152,000K ÷ $106,374,000K
= 86.63%
Based on the data provided, Humana Inc. has maintained a consistent gross profit margin of 100% over the past five years. A gross profit margin of 100% indicates that the company is able to generate revenues sufficient enough to cover all the costs associated with producing its goods or services. This high and stable gross profit margin suggests that Humana Inc. has been effectively managing its production costs and pricing strategies to maintain a healthy level of profitability. This could be indicative of strong operational efficiency and effective cost control measures within the company's business operations.
Peer comparison
Dec 31, 2023