RadNet Inc (RDNT)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,044 | 3,969 | -12,903 | -13,367 | 10,651 | 7,763 | 23,315 | 18,283 | 24,728 | 34,508 | 24,444 | 10,977 | -14,839 | -10,399 | -13,360 | 2,133 | 14,758 | 33,497 | 35,341 | 35,848 |
| 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 |
| Net profit margin | 0.19% | 0.25% | -0.84% | -0.90% | 0.74% | 0.56% | 1.71% | 1.36% | 1.88% | 2.68% | 1.96% | 0.99% | -1.38% | -0.98% | -1.25% | 0.18% | 1.28% | 3.02% | 3.33% | 3.53% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $3,044K ÷ $1,616,630K
= 0.19%
The net profit margin of Radnet Inc has been fluctuating over the past eight quarters. In Q4 2023, the company achieved a net profit margin of 0.19%, which was lower than the previous quarter's margin of 0.25%. However, this margin was still positive, indicating that the company was able to generate a profit relative to its revenue.
In Q3 2023, the net profit margin decreased to 0.25% from the previous quarter's 0.74%, showing a decline in profitability. The company experienced negative net profit margins in Q2 2023 (-0.84%) and Q1 2023 (-0.90%), indicating that expenses exceeded revenues during those periods.
Comparing the latest net profit margin to the same quarter a year ago, Q4 2022, the margin decreased from 0.74% to 0.19%. This downward trend suggests a potential decline in the company's profitability compared to the previous year.
Overall, the fluctuating net profit margins of Radnet Inc indicate varying levels of profitability and efficiency in generating profits from its revenues over the past eight quarters. Monitoring and analyzing these margins can provide insights into the company's financial performance and help evaluate its profitability sustainability.
Peer comparison
Dec 31, 2023