Tenet Healthcare Corporation (THC)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,510,000 | 2,311,000 | 2,339,000 | 2,288,000 | 2,333,000 | 2,548,000 | 2,966,000 | 2,999,000 | 2,871,000 | 3,040,000 | 2,297,000 | 2,182,000 | 1,989,000 | 1,523,000 | 1,554,000 | 1,483,000 | 1,537,000 | 1,477,000 | 1,495,000 | 1,501,000 |
| 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 |
| Operating profit margin | 12.77% | 11.97% | 12.25% | 12.24% | 12.70% | 13.90% | 16.17% | 16.11% | 15.37% | 15.78% | 12.39% | 12.31% | 11.24% | 8.88% | 8.73% | 8.04% | 8.32% | 8.07% | 8.21% | 8.27% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,510,000K ÷ $19,652,000K
= 12.77%
The operating profit margin of Tenet Healthcare Corp. has been relatively stable over the past eight quarters, ranging from 11.57% to 13.17%. However, there has been a slight downward trend in recent quarters, with the latest quarter (Q4 2023) showing an operating profit margin of 11.88%. This indicates that the company's ability to generate profits from its core operations has slightly declined compared to the previous quarters. It would be essential for Tenet Healthcare Corp. to closely monitor its operating expenses and revenue generation strategies to maintain or improve its operating profit margin in the future.
Peer comparison
Dec 31, 2023