Privia Health Group Inc (PRVA)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 226,651 | 1,268,999 | 1,249,817 | 1,228,267 | 1,204,518 | 337,635 | 510,266 | 518,949 | 685,086 |
| Revenue (ttm) | US$ in thousands | 1,666,109 | 1,588,009 | 1,511,017 | 1,431,722 | 1,357,202 | 1,266,774 | 1,174,822 | 1,065,403 | 965,150 |
| Gross profit margin | 13.60% | 79.91% | 82.71% | 85.79% | 88.75% | 26.65% | 43.43% | 48.71% | 70.98% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $226,651K ÷ $1,666,109K
= 13.60%
Privia Health Group Inc has demonstrated a consistent improvement in its gross profit margin over the quarters analyzed. The gross profit margin has increased steadily from 82.27% in Q1 2022 to 88.08% in Q4 2023. This indicates that the company has been effectively managing its production costs and generating more gross profit from its operations. The upward trend in the gross profit margin reflects positively on the company's profitability and efficiency in controlling its cost of goods sold. Overall, Privia Health Group Inc's performance in terms of gross profit margin shows a positive financial trend and effective cost management strategies.
Peer comparison
Dec 31, 2023