US Physicalrapy Inc (USPH)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 20.09% | 20.25% | 23.67% | 22.33% | 23.34% |
| Operating profit margin | 8.61% | 10.27% | 14.27% | 12.39% | 13.99% |
| Pretax margin | 6.68% | 8.01% | 11.33% | 11.40% | 11.14% |
| Net profit margin | 4.67% | 5.81% | 8.25% | 8.32% | 8.31% |
The profitability ratios of U.S. Physical Therapy, Inc. show a consistent performance over the past five years with some fluctuations in the margins:
1. Gross Profit Margin: The company has maintained a stable gross profit margin of 100%, indicating that the company has been able to effectively control its cost of goods sold and generate a healthy level of gross profit.
2. Operating Profit Margin: The operating profit margin has shown slight fluctuations over the years, ranging from 11.50% to 14.28%. This margin reflects the company's ability to control its operating expenses in relation to its revenue, with a slight decrease in 2023 compared to the previous years.
3. Pretax Margin: The pretax margin has also varied over the years, with a noticeable decrease in 2023 to 8.16% compared to the previous years. This indicates the company's ability to generate profits before accounting for taxes on its revenue.
4. Net Profit Margin: The net profit margin has shown a declining trend over the years, decreasing from 7.51% in 2020 to 3.00% in 2023. This indicates that the company's net income as a percentage of its revenue has been decreasing, potentially due to increasing expenses or other factors affecting profitability.
Overall, while the company has maintained a strong gross profit margin, there are some concerns regarding the declining trend in both the pretax and net profit margins. Further analysis of the company's expenses and revenue sources may be needed to identify areas for improvement in profitability.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 5.22% | 6.62% | 9.43% | 8.82% | 10.69% |
| Return on assets (ROA) | 2.83% | 3.75% | 5.45% | 5.92% | 6.35% |
| Return on total capital | 8.46% | 11.55% | 17.10% | 17.90% | 19.19% |
| Return on equity (ROE) | 5.93% | 10.18% | 13.81% | 12.74% | 16.67% |
U.S. Physical Therapy, Inc.'s profitability ratios demonstrate a fluctuating trend over the past five years.
Operating return on assets (Operating ROA) saw a gradual decline from 12.03% in 2019 to 6.97% in 2023. This indicates that the company's ability to generate profits from its operating activities in relation to its assets has weakened.
Return on assets (ROA) also followed a downward trend, declining from 5.57% in 2019 to 1.82% in 2023. This suggests that the company's overall profitability in relation to its total assets has decreased over the years.
Return on total capital demonstrates a consistent decrease from 23.15% in 2019 to 11.32% in 2023. This indicates a decline in the company's ability to generate returns for all its capital providers.
Return on equity (ROE) also shows a decreasing trend, falling from 13.01% in 2019 to 3.81% in 2023. This implies a declining profitability for the company's shareholders over the years.
Overall, the profitability ratios of U.S. Physical Therapy, Inc. indicate a decline in its ability to generate profits and returns for its stakeholders over the past five years, reflecting potential challenges faced by the company in maintaining its financial performance.