Tenet Healthcare Corporation (THC)
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 | 6,689,000 | 6,357,000 | 6,266,000 | 6,096,000 | 5,976,000 | 6,183,000 | 6,211,000 | 6,272,000 | 6,276,000 | 10,012,000 | 9,388,000 | 9,245,000 | 9,275,000 | 8,720,000 | 9,342,000 | 9,553,000 | 9,630,000 | 9,443,000 | 9,478,000 | 9,465,000 |
| Revenue (ttm) | US$ in thousands | 19,652,000 | 19,309,000 | 19,100,000 | 18,691,000 | 18,369,000 | 18,331,000 | 18,348,000 | 18,611,000 | 18,679,000 | 19,267,000 | 18,533,000 | 17,726,000 | 17,697,000 | 17,142,000 | 17,794,000 | 18,454,000 | 18,479,000 | 18,292,000 | 18,213,000 | 18,159,000 |
| Gross profit margin | 34.04% | 32.92% | 32.81% | 32.61% | 32.53% | 33.73% | 33.85% | 33.70% | 33.60% | 51.96% | 50.66% | 52.16% | 52.41% | 50.87% | 52.50% | 51.77% | 52.11% | 51.62% | 52.04% | 52.12% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $6,689,000K ÷ $19,652,000K
= 34.04%
The gross profit margin for Tenet Healthcare Corp. has remained at 100.00% consistently across all quarters in the provided data table. This indicates that the company is effectively controlling its production costs and achieving high levels of profitability from its core operations. A gross profit margin of 100.00% suggests that Tenet Healthcare Corp. is able to generate revenue that fully covers the direct costs associated with producing its goods or services. This stable and high gross profit margin may reflect efficient cost management, pricing strategies, or economies of scale within the company. Overall, the company appears to be efficiently managing its cost of goods sold, leading to strong profitability at the gross profit level.
Peer comparison
Dec 31, 2023