National HealthCare Corporation (NHC)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 428,231 | 408,683 | 388,812 | 377,004 | 365,754 | 354,720 | 346,037 | 335,450 | 342,157 | 347,790 | 368,290 | 378,005 | 375,573 | 372,024 | 347,775 | 340,065 | 344,910 | 510,259 | 509,725 | 508,358 |
| Revenue (ttm) | US$ in thousands | 1,307,382 | 1,238,946 | 1,187,233 | 1,169,157 | 1,141,544 | 1,105,183 | 1,087,541 | 1,076,318 | 1,085,738 | 1,104,619 | 1,110,513 | 1,102,312 | 1,074,302 | 1,050,693 | 1,024,582 | 1,023,066 | 1,028,217 | 1,022,272 | 1,018,713 | 1,004,222 |
| Gross profit margin | 32.75% | 32.99% | 32.75% | 32.25% | 32.04% | 32.10% | 31.82% | 31.17% | 31.51% | 31.49% | 33.16% | 34.29% | 34.96% | 35.41% | 33.94% | 33.24% | 33.54% | 49.91% | 50.04% | 50.62% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $428,231K ÷ $1,307,382K
= 32.75%
The gross profit margin of National HealthCare Corporation has shown fluctuations over the analyzed period. It started at a relatively high level of around 50% in March 2020 and gradually declined to below 35% by December 2020. This significant drop could indicate challenges in maintaining profitability or increased costs during that period.
From March 2021 to June 2022, there were slight variations in the gross profit margin, hovering around the low 30% range. This period may have seen stabilization in the company's cost structure or pricing strategies.
However, from September 2022 to September 2024, there was a modest upward trend in the gross profit margin, reaching close to 33% by September 2024. This improvement suggests that the company may have implemented cost-saving measures, enhanced operational efficiency, or adjusted pricing strategies to boost profitability.
Overall, while there have been fluctuations in the gross profit margin of National HealthCare Corporation, the recent trend towards improvement from 2022 to 2024 indicates efforts to enhance profitability, which could be a positive sign for the company's financial health.
Peer comparison
Dec 31, 2024