National HealthCare Corporation (NHC)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 428,231 | 365,754 | 342,157 | 375,573 | 344,910 |
| Revenue | US$ in thousands | 1,307,380 | 1,141,540 | 1,085,740 | 1,074,300 | 1,028,220 |
| Gross profit margin | 32.75% | 32.04% | 31.51% | 34.96% | 33.54% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $428,231K ÷ $1,307,380K
= 32.75%
The gross profit margin for National HealthCare Corporation has shown fluctuations over the years, as per the data provided. In December 2020, the gross profit margin stood at 33.54%, which then increased to 34.96% by December 2021, indicating improved efficiency in generating profits from sales. However, in December 2022, there was a decrease in the gross profit margin to 31.51%, possibly due to changes in cost structures or pricing strategies.
As of December 2023, the gross profit margin slightly improved to 32.04%, showing some recovery from the previous year. By December 2024, there was a further increase to 32.75%, indicating a positive trend in the company's ability to maintain a healthy margin between sales revenue and the cost of goods sold.
Overall, while there have been fluctuations in the gross profit margin over the years, National HealthCare Corporation has managed to maintain a reasonable level of profitability relative to its revenue, with efforts to improve operational efficiency and cost management reflected in the variations observed annually.
Peer comparison
Dec 31, 2024