RadNet Inc (RDNT)
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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,504,395 | 1,469,765 | 1,418,799 | 1,371,230 | 1,325,365 | 1,288,353 | 1,271,031 | 1,250,405 | 1,223,871 | 1,200,449 | 1,159,127 | 1,015,184 | 981,641 | 806,623 | 553,727 | 406,559 | 154,485 | 133,204 | 128,532 | 120,333 |
| Revenue (ttm) | US$ in thousands | 1,616,630 | 1,580,123 | 1,528,199 | 1,478,859 | 1,430,062 | 1,379,335 | 1,361,981 | 1,341,524 | 1,315,076 | 1,289,862 | 1,248,948 | 1,105,596 | 1,071,841 | 1,064,746 | 1,065,662 | 1,164,193 | 1,154,178 | 1,110,549 | 1,060,005 | 1,015,303 |
| Gross profit margin | 93.06% | 93.02% | 92.84% | 92.72% | 92.68% | 93.40% | 93.32% | 93.21% | 93.06% | 93.07% | 92.81% | 91.82% | 91.58% | 75.76% | 51.96% | 34.92% | 13.38% | 11.99% | 12.13% | 11.85% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,504,395K ÷ $1,616,630K
= 93.06%
Radnet Inc's gross profit margin has shown some fluctuations over the past eight quarters. In Q4 2023, the gross profit margin increased to 13.69%, compared to the previous quarter's 13.41%. This improvement indicates the company's ability to generate more profit from its sales after accounting for the cost of goods sold.
Although Q4 2023 marks the highest gross profit margin in the given period, it is important to note that the gross profit margin has generally been above 12% over the past two years, with only a few exceptions. This indicates that Radnet Inc has been able to maintain a relatively stable level of profitability in its core operations.
Overall, the upward trend in the gross profit margin in Q4 2023 is a positive sign for Radnet Inc's financial performance, suggesting potentially improved efficiency in managing production costs and pricing strategies. It will be essential for the company to continue monitoring and optimizing its cost structure to sustain or even further improve its profitability in the future.
Peer comparison
Dec 31, 2023