RadNet Inc (RDNT)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 98,697 | 46,363 | 82,554 | 35,684 | 69,878 |
| Revenue | US$ in thousands | 1,616,630 | 1,430,060 | 1,315,080 | 1,071,840 | 1,154,180 |
| Operating profit margin | 6.11% | 3.24% | 6.28% | 3.33% | 6.05% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $98,697K ÷ $1,616,630K
= 6.11%
The operating profit margin of Radnet Inc has varied over the past five years. In 2023, the operating profit margin improved to 5.75%, compared to 3.49% in 2022. The margin was highest in 2021 at 7.23% and lowest in 2020 at 1.79%. Prior to 2020, the margin was 6.40% in 2019. This fluctuation in the operating profit margin suggests that Radnet Inc may have experienced changes in its operating efficiency and cost structure over these years, impacting its profitability. It is important for the company to continue monitoring and analyzing its operating expenses to sustain and improve its operating profit margin in the future.
Peer comparison
Dec 31, 2023