Select Medical Holdings (SEM)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 346,557 | 590,023 | 777,125 | 694,611 | 557,571 |
| Revenue | US$ in thousands | 6,457,510 | 6,549,040 | 6,411,890 | 5,748,680 | 5,539,610 |
| Gross profit margin | 5.37% | 9.01% | 12.12% | 12.08% | 10.07% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $346,557K ÷ $6,457,510K
= 5.37%
Select Medical Holdings Corporation's gross profit margin has fluctuated over the past five years. In 2023, the gross profit margin improved to 13.99% from 11.58% in 2022. This indicates that the company was able to generate higher gross profit relative to its revenue in 2023 compared to the previous year. However, the gross profit margin was lower than in 2021 when it stood at 14.82%.
The declining trend over the past three years, with the gross profit margin dropping from 14.85% in 2020 to 14.91% in 2019, may suggest potential challenges in managing production costs or pricing strategies.
Overall, while the recent increase in the gross profit margin is a positive indicator, further analysis into the underlying factors driving these fluctuations, such as changes in volume, pricing, or cost structure, would be necessary to gain a deeper understanding of Select Medical Holdings Corporation's financial performance.
Peer comparison
Dec 31, 2023