Applied Industrial Technologies (AIT)
Profitability ratios
Return on sales
| 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 | Sep 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 29.85% | 29.52% | 29.53% | 29.49% | 29.33% | 29.25% | 29.22% | 29.29% | 29.25% | 29.40% | 29.43% | 29.12% | 29.20% | 29.06% | 28.79% | 29.06% | 29.20% | 29.30% | 29.42% | 29.41% |
| Operating profit margin | 11.07% | 10.82% | 10.99% | 11.01% | 10.78% | 10.62% | 10.26% | 9.85% | 9.46% | 9.12% | 8.87% | 6.80% | 6.41% | 5.65% | 0.63% | 2.58% | 2.77% | 3.38% | 6.62% | 6.67% |
| Pretax margin | 11.12% | 10.74% | 10.77% | 10.61% | 10.25% | 9.97% | 9.55% | 9.13% | 8.71% | 8.38% | 8.11% | 5.97% | 5.53% | 4.73% | -0.35% | 1.58% | 1.72% | 2.29% | 5.51% | 5.53% |
| Net profit margin | 8.62% | 8.38% | 8.42% | 8.22% | 7.90% | 7.78% | 7.36% | 7.11% | 6.80% | 6.57% | 6.48% | 4.87% | 4.52% | 3.81% | -0.77% | 0.65% | 0.75% | 1.01% | 3.90% | 3.91% |
Applied Industrial Technologies has shown consistent gross profit margins hovering around the 29% range over the past few quarters. However, the operating profit margin has fluctuated, with a notable drop in the most recent quarter compared to the trend seen in previous quarters. The pretax margin has also shown variability, with a decrease in the latest quarter compared to the immediate quarters prior. The net profit margin has followed a similar pattern, showing a decrease in the most recent quarter compared to earlier periods. Overall, the company's profitability ratios have displayed some fluctuations, indicating the need for closer scrutiny of operational efficiency and cost management strategies.
Return on investment
| 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 | Sep 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 16.80% | 16.93% | 17.57% | 17.72% | 17.25% | 17.46% | 16.83% | 15.75% | 14.59% | 13.83% | 13.85% | 9.89% | 9.04% | 7.43% | 0.85% | 3.56% | 3.90% | 4.98% | 9.36% | 9.41% |
| Return on assets (ROA) | 13.07% | 13.12% | 13.46% | 13.22% | 12.64% | 12.79% | 12.08% | 11.37% | 10.50% | 9.97% | 10.12% | 7.07% | 6.37% | 5.01% | -1.04% | 0.89% | 1.05% | 1.48% | 5.51% | 5.51% |
| Return on total capital | 21.93% | 21.57% | 22.43% | 22.85% | 23.02% | 23.04% | 22.11% | 20.84% | 19.90% | 18.53% | 18.11% | 13.34% | 11.96% | 10.03% | 1.14% | 4.77% | 5.24% | 6.72% | 12.33% | 12.80% |
| Return on equity (ROE) | 22.84% | 22.44% | 23.29% | 23.68% | 23.77% | 24.17% | 23.52% | 23.03% | 22.40% | 21.63% | 22.05% | 16.69% | 15.52% | 12.35% | -2.65% | 2.26% | 2.85% | 4.08% | 13.84% | 14.44% |
Applied Industrial Technologies has demonstrated consistent profitability over the periods analyzed. The Operating ROA has shown a positive trend, increasing from 13.85% in March 2022 to 17.57% in December 2023, indicating effective operational performance in generating profits from its assets. The ROA also depicts a similar positive trajectory, with a steady improvement from 9.97% in March 2022 to 13.46% in December 2023.
Moreover, the return on total capital has exhibited a favorable trend, reaching a peak of 23.02% in June 2023 before slightly declining to 21.93% by June 2024. This ratio reflects the ability of the company to generate returns for both debt and equity holders. The ROE has followed a similar pattern, showing a continuous increase from 13.84% in March 2022 to 23.77% in June 2024, highlighting the company's effective management in generating profits for its shareholders.
Overall, Applied Industrial Technologies' profitability ratios indicate a consistent and strong performance in utilizing its assets and capital to generate earnings for its stakeholders.