National HealthCare Corporation (NHC)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 365,754 | 342,157 | 375,573 | 344,910 | 336,333 |
| Revenue | US$ in thousands | 1,141,540 | 1,085,740 | 1,074,300 | 1,028,220 | 996,383 |
| Gross profit margin | 32.04% | 31.51% | 34.96% | 33.54% | 33.76% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $365,754K ÷ $1,141,540K
= 32.04%
National Healthcare Corp. has consistently maintained a gross profit margin of 100% over the past five years, indicating that the company has effectively managed its cost of goods sold in relation to its revenue. This high level of gross profit margin suggests that National Healthcare Corp. has been able to generate substantial profits after accounting for the direct costs associated with producing its goods or services. It also implies that the company has efficient operations and pricing strategies in place. Overall, the steady gross profit margin performance reflects positively on the company's ability to maintain profitability and manage its production costs effectively.
Peer comparison
Dec 31, 2023