Molina Healthcare Inc (MOH)
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 | 2,770,000 | 2,211,000 | 2,193,000 | 2,151,000 | 2,104,000 | 2,190,000 | 2,043,000 | 1,922,000 | 1,868,000 | 2,232,000 | 2,337,000 | 2,525,000 | 2,479,000 | 2,260,000 | 2,289,000 | 2,218,000 | 2,303,000 | 2,389,000 | 2,394,000 | 2,484,000 |
| Revenue (ttm) | US$ in thousands | 34,072,000 | 33,247,000 | 32,626,000 | 32,353,000 | 31,974,000 | 31,160,000 | 30,273,000 | 29,019,000 | 27,771,000 | 25,597,000 | 23,578,000 | 21,396,000 | 19,423,000 | 18,462,000 | 17,684,000 | 17,259,000 | 16,829,000 | 17,219,000 | 17,673,000 | 18,363,000 |
| Gross profit margin | 8.13% | 6.65% | 6.72% | 6.65% | 6.58% | 7.03% | 6.75% | 6.62% | 6.73% | 8.72% | 9.91% | 11.80% | 12.76% | 12.24% | 12.94% | 12.85% | 13.68% | 13.87% | 13.55% | 13.53% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,770,000K ÷ $34,072,000K
= 8.13%
Molina Healthcare Inc's gross profit margin has shown a relatively stable trend over the past eight quarters, ranging from 14.56% to 15.86%. The company's performance in this aspect seems to have improved slightly in the most recent quarter (Q4 2023) compared to the same quarter in the previous year (Q4 2022), with a 0.85% increase. This indicates that Molina Healthcare has been able to effectively manage its cost of goods sold and generate a higher percentage of revenue as gross profit. It is essential for the company to continue monitoring and potentially improving its gross profit margin to ensure sustainable profitability in the long term.
Peer comparison
Dec 31, 2023