RadNet Inc (RDNT)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 98,697 | 95,965 | 59,638 | 54,755 | 46,365 | 29,415 | 55,061 | 63,181 | 82,553 | 98,805 | 89,610 | 62,111 | 35,682 | 38,552 | 32,027 | 53,832 | 69,878 | 45,560 | 45,158 | 39,044 |
| 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 |
| Operating profit margin | 6.11% | 6.07% | 3.90% | 3.70% | 3.24% | 2.13% | 4.04% | 4.71% | 6.28% | 7.66% | 7.17% | 5.62% | 3.33% | 3.62% | 3.01% | 4.62% | 6.05% | 4.10% | 4.26% | 3.85% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $98,697K ÷ $1,616,630K
= 6.11%
The operating profit margin of Radnet Inc has shown varying levels over the past eight quarters. In Q4 2023, the operating profit margin was 5.75%, which was higher than the margins in the previous three quarters, indicating an improvement in the company's operational efficiency. The highest operating profit margin in this period was observed in Q2 2022 at 6.29%.
Overall, the trend in the operating profit margin shows fluctuations, with some quarters experiencing higher margins compared to others. It is important for Radnet Inc to continue monitoring and analyzing the factors influencing the operating profit margin to sustain and improve profitability in the long run.
Peer comparison
Dec 31, 2023