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Tenet Healthcare (FRA:THC1) Gross-Profit-to-Asset % : 62.18% (As of Mar. 2024)


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What is Tenet Healthcare Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Tenet Healthcare's annualized Gross Profit for the quarter that ended in Mar. 2024 was €16,339 Mil. Tenet Healthcare's average Total Assets over the quarter that ended in Mar. 2024 was €26,278 Mil. Therefore, Tenet Healthcare's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 62.18%.


Tenet Healthcare Gross-Profit-to-Asset % Historical Data

The historical data trend for Tenet Healthcare's Gross-Profit-to-Asset % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tenet Healthcare Gross-Profit-to-Asset % Chart

Tenet Healthcare Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 68.16 55.64 61.25 59.99 60.28

Tenet Healthcare Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 60.61 61.47 61.67 62.98 62.18

Competitive Comparison of Tenet Healthcare's Gross-Profit-to-Asset %

For the Medical Care Facilities subindustry, Tenet Healthcare's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tenet Healthcare's Gross-Profit-to-Asset % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Tenet Healthcare's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Tenet Healthcare's Gross-Profit-to-Asset % falls into.



Tenet Healthcare Gross-Profit-to-Asset % Calculation

Tenet Healthcare's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=15550.486/( (25635.264+25962.104)/ 2 )
=15550.486/25798.684
=60.28 %

Tenet Healthcare's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=16339.2/( (25962.104+26594.44)/ 2 )
=16339.2/26278.272
=62.18 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Mar. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


Tenet Healthcare Gross-Profit-to-Asset % Related Terms

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Tenet Healthcare (FRA:THC1) Business Description

Traded in Other Exchanges
Address
14201 Dallas Parkway, Dallas, TX, USA, 75254
Tenet Healthcare is a Dallas-based healthcare services organization. It operates a collection of hospitals (about 60 as of June 2023) and over 550 ambulatory surgery centers and other outpatient facilities across the U.S., primarily in the South. Through its Conifer segment, Tenet also provides revenue cycle management solutions.

Tenet Healthcare (FRA:THC1) Headlines

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