Mednax Inc (MD)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,697,200 | 1,610,200 | 1,527,200 | 1,293,120 | 2,795,290 |
| Revenue | US$ in thousands | 1,952,560 | 1,875,310 | 1,820,660 | 1,623,470 | 3,394,160 |
| Gross profit margin | 86.92% | 85.86% | 83.88% | 79.65% | 82.36% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,697,200K ÷ $1,952,560K
= 86.92%
Based on the data provided, Pediatrix Medical Group Inc has maintained a consistent gross profit margin of 100.00% over the past five years. A gross profit margin of 100.00% indicates that the company is able to generate revenue and cover the cost of goods sold without incurring any additional expenses in the production process. This high level of gross profit margin suggests that the company can effectively control its production costs and/or command premium prices for its products or services. However, it is important to note that while a 100.00% gross profit margin may seem impressive, it could also be an indicator of aggressive accounting practices or potential anomalies in the financial reporting. Further analysis of the company's cost structure and overall financial performance would be necessary to gain a deeper understanding of the factors driving this consistent gross profit margin.
Peer comparison
Dec 31, 2023