Tenet Healthcare Corporation (THC)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 6,547,000 | 5,783,000 | 6,130,000 | 5,284,000 | 6,246,000 |
| Revenue | US$ in thousands | 19,652,000 | 18,369,000 | 18,679,000 | 17,203,000 | 18,479,000 |
| Gross profit margin | 33.31% | 31.48% | 32.82% | 30.72% | 33.80% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $6,547,000K ÷ $19,652,000K
= 33.31%
The gross profit margin of Tenet Healthcare Corp. has remained consistent at 100.00% for the past five years, from 2019 to 2023. This indicates that the company is able to effectively control its production costs and generate a substantial profit from its core business operations. A gross profit margin of 100% suggests that the company is effectively managing its direct costs of goods sold, resulting in all the revenue generated being attributed to covering operating expenses and yielding a profit. This stability in the gross profit margin demonstrates the company's ability to maintain efficiency and profitability in its operations over the years.
Peer comparison
Dec 31, 2023