Select Medical Holdings (SEM)
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 | 346,557 | 694,976 | 668,617 | 624,150 | 590,023 | 546,992 | 624,160 | 711,652 | 776,966 | 569,301 | 578,179 | 451,121 | 397,941 | 381,998 | 1,489,206 | 2,685,612 | 3,796,041 | 4,914,290 | 3,781,087 | 2,627,919 |
| Revenue (ttm) | US$ in thousands | 6,457,510 | 6,760,560 | 6,682,750 | 6,601,130 | 6,549,040 | 6,498,680 | 6,476,780 | 6,463,510 | 6,411,730 | 6,009,720 | 5,899,480 | 5,562,470 | 5,416,770 | 5,330,860 | 5,258,810 | 5,373,360 | 5,278,660 | 5,168,760 | 5,115,800 | 5,051,950 |
| Gross profit margin | 5.37% | 10.28% | 10.01% | 9.46% | 9.01% | 8.42% | 9.64% | 11.01% | 12.12% | 9.47% | 9.80% | 8.11% | 7.35% | 7.17% | 28.32% | 49.98% | 71.91% | 95.08% | 73.91% | 52.02% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $346,557K ÷ $6,457,510K
= 5.37%
The gross profit margin of Select Medical Holdings Corporation has shown a generally increasing trend from Q1 2022 to Q4 2023. The company's gross profit margin has improved from 11.58% in Q4 2022 to 13.99% in Q4 2023. This indicates that the company has been able to effectively manage its cost of goods sold and production expenses relative to its revenue, resulting in a higher percentage of revenue retained as gross profit.
The upward trend in gross profit margin over the periods suggests that Select Medical Holdings Corporation may have implemented cost-saving measures, improved operational efficiency, or increased pricing power. These improvements in gross profit margin indicate the company's ability to generate more profit from its core business activities.
Overall, the increasing gross profit margin of Select Medical Holdings Corporation reflects positively on its operational performance and financial management. It signifies the company's ability to maintain profitability and potentially strengthen its competitive position in the market over the periods analyzed.
Peer comparison
Dec 31, 2023