Tenet Healthcare Corporation (THC)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 611,000 | 469,000 | 499,000 | 414,000 | 411,000 | 558,000 | 876,000 | 957,000 | 914,000 | 1,211,000 | 566,000 | 535,000 | 531,000 | 114,000 | 78,000 | 7,000 | -105,000 | -132,000 | 91,000 | 100,000 |
| 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 |
| Net profit margin | 3.11% | 2.43% | 2.61% | 2.21% | 2.24% | 3.04% | 4.77% | 5.14% | 4.89% | 6.29% | 3.05% | 3.02% | 3.00% | 0.67% | 0.44% | 0.04% | -0.57% | -0.72% | 0.50% | 0.55% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $611,000K ÷ $19,652,000K
= 3.11%
Tenet Healthcare Corp.'s net profit margin has shown fluctuations over the past eight quarters. The net profit margin was at its lowest in Q1 2023 at 2.11% and reached its peak in Q2 2022 at 4.88%. Overall, the average net profit margin over the eight quarters stands at 3.27%.
The downward trend from Q2 2022 to Q1 2023 suggests a decrease in profitability, possibly due to various factors impacting the company's revenue and expenses during that period. However, the slight recovery in Q2 and Q4 2023 indicates some improvement in profitability.
It is essential for Tenet Healthcare Corp. to closely monitor its net profit margin performance to ensure sustainable profitability and financial health in the long term. Further analysis of the underlying reasons for these fluctuations, such as changes in costs, revenues, or operational efficiencies, can provide valuable insights for strategic decision-making.
Peer comparison
Dec 31, 2023