Privia Health Group Inc (PRVA)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Gross profit | US$ in thousands | 226,617 | 1,204,520 | 685,204 |
| Revenue | US$ in thousands | 1,666,110 | 1,357,200 | 965,150 |
| Gross profit margin | 13.60% | 88.75% | 70.99% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $226,617K ÷ $1,666,110K
= 13.60%
The gross profit margin of Privia Health Group Inc has shown a consistent upward trend over the past three years, increasing from 81.92% in 2021 to 87.41% in 2022 and further to 88.08% in 2023. This indicates that the company has been effectively controlling its cost of goods sold and/or increasing its revenues relative to the cost of goods sold. A higher gross profit margin suggests improved efficiency in production and distribution processes, which could potentially lead to higher profitability for the company. Overall, Privia Health Group Inc has demonstrated strong performance in managing its gross profit margin in recent years.
Peer comparison
Dec 31, 2023