Laboratory Corporation of America Holdings (LH)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,364,900 | 3,708,900 | 5,624,300 | 4,952,800 | 3,252,500 |
| Revenue | US$ in thousands | 12,161,600 | 11,863,900 | 16,120,900 | 13,978,500 | 11,554,800 |
| Gross profit margin | 27.67% | 31.26% | 34.89% | 35.43% | 28.15% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,364,900K ÷ $12,161,600K
= 27.67%
The gross profit margin of Laboratory Corp. Of America Holdings has experienced fluctuations over the past five years. In 2023, the gross profit margin decreased to 27.67% from 29.48% in 2022, continuing a downward trend observed since 2021 when it was at 34.89%. Comparing the current margins with those in 2020 and 2019 shows a general decrease, with gross profit margins at 35.43% and 28.15%, respectively. These fluctuations indicate potential changes in the company's cost structure, pricing strategy, or efficiency in managing production costs. Further analysis and investigation into the underlying factors influencing these shifts would be necessary to assess the implications for the company's financial performance and competitiveness in the industry.
Peer comparison
Dec 31, 2023