Apple Inc (AAPL)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 45.26% | 44.48% | 43.77% | 43.47% | 43.42% | 43.63% | 43.63% | 43.63% | 43.33% | 42.08% | 41.24% | 40.13% | 39.06% | 38.55% | 38.50% | 38.46% | 38.33% | 38.22% | 38.30% | 38.33% |
| Operating profit margin | 30.92% | 30.06% | 29.45% | 29.36% | 29.66% | 30.52% | 30.75% | 31.15% | 31.12% | 30.00% | 28.95% | 27.49% | 25.43% | 24.35% | 24.72% | 24.70% | 24.96% | 24.84% | 25.14% | 25.52% |
| Pretax margin | 30.87% | 29.91% | 29.23% | 29.21% | 29.53% | 30.43% | 30.59% | 31.05% | 31.11% | 30.07% | 29.22% | 27.71% | 25.60% | 24.64% | 25.15% | 25.26% | 25.56% | 25.54% | 25.77% | 26.27% |
| Net profit margin | 26.30% | 25.51% | 24.86% | 24.66% | 24.76% | 25.50% | 25.89% | 26.59% | 26.77% | 26.07% | 25.15% | 23.60% | 21.89% | 21.09% | 21.51% | 21.54% | 21.71% | 21.47% | 21.73% | 22.28% |
Apple Inc's profitability ratios have shown a consistent and positive trend over the past few quarters. The Gross Profit Margin has been steadily increasing from 38.33% in March 2020 to 45.26% in December 2023, indicating strong pricing power and efficient cost management in their production process.
The Operating Profit Margin has also shown improvement, reaching 30.92% in December 2023, reflecting the company's ability to control operating expenses and generate profit from its core operations.
The Pretax Margin has followed a similar trajectory, with an increase from 25.15% in March 2020 to 30.87% in December 2023, indicating efficient utilization of resources and effective tax management strategies.
Furthermore, the Net Profit Margin has displayed a positive trend, reaching 26.30% in December 2023, showcasing Apple's ability to convert sales into profits after accounting for all expenses including taxes.
Overall, Apple's profitability ratios reflect a strong and improving financial performance, demonstrating the company's effectiveness in generating profits and managing costs effectively.
Return on investment
| 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 return on assets (Operating ROA) | 33.57% | 32.42% | 33.50% | 33.81% | 32.87% | 33.86% | 35.18% | 34.04% | 30.67% | 31.04% | 30.30% | 26.37% | 20.97% | 20.47% | 21.16% | 20.47% | 19.42% | 18.89% | 19.99% | 19.15% |
| Return on assets (ROA) | 28.55% | 27.51% | 28.28% | 28.40% | 27.45% | 28.29% | 29.63% | 29.07% | 26.38% | 26.97% | 26.32% | 22.63% | 18.06% | 17.73% | 18.41% | 17.86% | 16.89% | 16.32% | 17.28% | 16.72% |
| Return on total capital | 71.76% | 74.75% | 72.72% | 72.37% | 74.65% | 81.56% | 78.84% | 71.30% | 66.96% | 64.96% | 60.85% | 51.89% | 46.81% | 42.66% | 42.91% | 41.97% | 39.00% | 38.02% | 38.41% | 36.22% |
| Return on equity (ROE) | 136.18% | 156.08% | 157.22% | 151.74% | 167.77% | 196.96% | 171.46% | 151.24% | 139.79% | 150.07% | 135.04% | 110.31% | 96.54% | 87.87% | 80.83% | 72.96% | 64.25% | 61.06% | 57.74% | 54.01% |
Apple Inc has demonstrated strong profitability over the analyzed periods, as indicated by its key profitability ratios.
The Operating Return on Assets (Operating ROA) has been consistently high, ranging from 32.42% to 35.18%, with a peak of 35.18% in Jun 2022. This metric shows that the company is efficiently generating profits from its assets employed in operations.
The Return on Assets (ROA) has also shown a positive trend, ranging from 26.32% to 29.63%, indicating that Apple is effectively utilizing its assets to generate profit, with a high of 29.63% in Jun 2022.
The Return on Total Capital has been relatively high, fluctuating between 60.85% to 81.56%, with a peak of 81.56% in Sep 2022. This metric reflects the company's ability to generate returns from both equity and debt capital invested in the business.
Apple's Return on Equity (ROE) has been impressive, ranging from 54.01% to 196.96%, with the highest value in Sep 2022. This metric signifies how well the company is generating returns for its shareholders' equity, showcasing Apple's effectiveness in maximizing shareholder value.
Overall, Apple Inc's profitability ratios indicate consistent and strong performance, highlighting the company's efficiency in generating profits from its operations and effectively utilizing its capital and assets.