Laboratory of America Holdings (FRA:LAB) Supplies Expense Percentage of Revenue % : 0.00% (As of . 20)

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What is Laboratory of America Holdings Supplies Expense Percentage of Revenue %?

Supplies Expense is one of the major costs of healthcare businesses. A lower percentage of supplies expense of revenue is better if the service quality is guaranteed.

The historical rank and industry rank for Laboratory of America Holdings's Supplies Expense Percentage of Revenue % or its related term are showing as below:

FRA:LAB's Supplies Expense Percentage of Revenue % is not ranked ^*
in the Medical Diagnostics & Research industry.
Industry Median:
* Ranked among companies with meaningful Supplies Expense Percentage of Revenue % only.

Laboratory of America Holdings Supplies Expense Percentage of Revenue % Historical Data

The historical data trend for Laboratory of America Holdings's Supplies Expense Percentage of Revenue % 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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Laboratory of America Holdings Supplies Expense Percentage of Revenue % Chart

Laboratory of America Holdings (FRA:LAB) Supplies Expense Percentage of Revenue % Explanation

For health care businesses, supplies make up a significant percentage of expenses. Supply expenses average 15% of total hospital expenses, with the middle 50% of hospitals ranging from 9% to 19%. These are highly relevant costs. The numbers range substantially by hospital specialty, correlating strongly with the case mix index.

Clearly, managing such a large and diverse category of expenses is important for hospitals. Yet supply chains in health care are both complex and fragmented and complex, commonly lagging well behind other industries in how effectively they are managed.

Laboratory of America Holdings Supplies Expense Percentage of Revenue % Related Terms

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Laboratory of America Holdings (FRA:LAB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Laboratory Corp of America Holdings (FRA:LAB) » Definitions » Supplies Expense Percentage of Revenue %

Comparable Companies

Traded in Other Exchanges

LH:USA LH:Mexico L1CA34:Brazil

Address

358 South Main Street, Burlington, NC, USA, 27215

Website

https://www.labcorp.com

Laboratory Corp. of America is one of the nation's two largest independent clinical laboratories, with roughly 20% of the independent lab market. The company operates approximately 2,000 patient-service centers, offering a broad range of 5,000 clinical lab tests, ranging from routine blood and urine screens to complex oncology and genomic testing.