Apple Inc (AAPL)
Profitability ratios
Return on sales
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 46.21% | 46.08% | 45.83% | 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% |
| Operating profit margin | 31.51% | 31.36% | 31.15% | 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% |
| Pretax margin | 31.58% | 31.43% | 31.11% | 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% |
| Net profit margin | 23.97% | 26.51% | 26.44% | 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% |
Apple Inc's profitability ratios have shown a consistent improvement over the past years. The gross profit margin has increased steadily, reaching 46.21% as of September 30, 2024, indicating that the company is effectively controlling its production costs and generating more revenue per dollar of sales.
The operating profit margin has also shown a positive trend, with a consistent increase to 31.51% as of September 30, 2024. This suggests that Apple is efficiently managing its operating expenses and generating more profit from its core business operations.
Similarly, the pretax margin has shown an upward trajectory, reaching 31.58% as of September 30, 2024. This indicates that the company is effectively managing its pre-tax expenses and maximizing its profitability before accounting for taxes.
Apple's net profit margin has also shown improvement, with an increase to 23.97% as of September 30, 2024. This signifies that the company is generating a higher percentage of net income relative to its total revenue, indicating strong cost management and operational efficiency.
Overall, Apple Inc's profitability ratios reflect a positive trend, showing consistent improvement in controlling costs, maximizing profitability, and generating higher net income relative to revenue over the analyzed periods.
Return on investment
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 33.76% | 36.37% | 35.04% | 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% |
| Return on assets (ROA) | 25.68% | 30.75% | 29.75% | 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% |
| Return on total capital | 86.35% | 79.54% | 72.28% | 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% |
| Return on equity (ROE) | 164.59% | 152.84% | 135.31% | 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% |
Apple Inc's profitability ratios have shown strong performance over the past several quarters.
- Operating return on assets (Operating ROA) has been consistently high, ranging from 30.30% to 36.37%, indicating the company's ability to generate profits from its assets used in core operations.
- Return on assets (ROA) has also displayed a positive trend, staying above 25%, with the latest figure at 30.75%. This metric reflects Apple's efficient use of assets to generate earnings.
- Return on total capital has shown fluctuations but remained elevated, ranging from 51.89% to 86.35%. This ratio signifies the return generated from the total capital employed in the business.
- Return on equity (ROE) has been impressive, ranging from 64.25% to 196.96%. This metric highlights the company's ability to generate profits from shareholders' equity, indicating strong financial performance.
Overall, Apple Inc's profitability ratios indicate the company's efficient management of assets and capital, leading to strong returns for shareholders.