R1 RCM Inc (RCM)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | -35,000 | -43,300 | 143,500 | 420,800 |
| Revenue (ttm) | US$ in thousands | 2,252,500 | 2,210,500 | 2,352,200 | 2,406,800 |
| Gross profit margin | -1.55% | -1.96% | 6.10% | 17.48% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-35,000K ÷ $2,252,500K
= -1.55%
The gross profit margin of R1 RCM Inc. has exhibited fluctuations over the past eight quarters. In Q4 2023, the gross profit margin increased to 21.49% from 20.27% in Q3 2023. This uptrend followed a declining trend in the two previous quarters, where the margin decreased from 21.48% in Q2 2023 to 19.48% in both Q2 and Q1 2023.
Comparing the Q4 data to the same quarter the previous year, there was only a marginal increase as the gross profit margin was 20.00% in Q4 2022. The highest gross profit margin was recorded in Q2 2022 at 21.91%, while the lowest was in Q2 2023 at 19.48%.
Overall, despite the short-term fluctuations, there seems to be some stability in the gross profit margin of R1 RCM Inc. around the 20-21% range over the past year, with Q2 generally showing stronger performance in terms of gross profit margin. This trend should be further monitored and analyzed in conjunction with other financial metrics to assess the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023