Astec Industries Inc (ASTE)
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 | 24.83% | 23.23% | 22.68% | 21.69% | 20.77% | 20.71% | 21.27% | 22.33% | 22.78% | 23.69% | 23.38% | 23.04% | 23.43% | 19.70% | 19.41% | 20.84% | 20.50% | 17.51% | 18.03% | 11.50% |
| Operating profit margin | 3.65% | 2.45% | 2.95% | 1.59% | 0.59% | -0.17% | 0.21% | 1.31% | 1.82% | 3.89% | 3.32% | 3.42% | 3.95% | -0.17% | 0.22% | 1.94% | 2.15% | -1.45% | -1.12% | -8.04% |
| Pretax margin | 3.20% | 2.10% | 2.71% | 1.23% | 0.39% | -0.87% | -0.50% | 0.85% | 1.25% | 4.14% | 3.73% | 3.84% | 4.43% | 0.02% | 0.31% | 2.01% | 2.17% | -1.48% | -1.18% | -8.01% |
| Net profit margin | 2.51% | 1.31% | 1.83% | 0.59% | -0.01% | -0.77% | -0.07% | 1.03% | 1.44% | 3.86% | 3.27% | 3.41% | 4.58% | 1.23% | 1.33% | 2.53% | 1.91% | -0.52% | -0.19% | -5.67% |
The profitability ratios of Astec Industries Inc. demonstrate an improving trend over the quarters. The gross profit margin has shown a steady increase, reaching 24.72% in Q4 2023 from 20.72% in Q4 2022, indicating the company's ability to generate profits from its core operations.
Similarly, the operating profit margin has also improved consistently, with a significant growth from 1.29% in Q4 2022 to 4.07% in Q4 2023. This indicates an enhancement in the company's operational efficiency and cost management strategies.
The pretax margin, reflecting the company's profitability before taxes, has also shown a positive trend, increasing from 0.35% in Q4 2022 to 3.20% in Q4 2023. This suggests that Astec Industries Inc. has been able to effectively manage its expenses and boost its earnings.
Moreover, the net profit margin, which indicates the company's profitability after all expenses have been deducted, has shown consistent improvement, reaching 2.50% in Q4 2023 compared to -0.01% in Q4 2022. This signifies that Astec Industries Inc. has been successful in generating profits for its shareholders.
Overall, the profitability ratios of Astec Industries Inc. reflect a positive growth trajectory, highlighting the company's improving financial performance and efficiency in generating profits.
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) | 4.59% | 3.07% | 3.97% | 2.09% | 0.74% | -0.21% | 0.25% | 1.53% | 2.20% | 4.56% | 3.80% | 4.02% | 4.78% | -0.22% | 0.31% | 2.74% | 3.14% | -2.13% | -1.59% | -10.79% |
| Return on assets (ROA) | 3.16% | 1.64% | 2.46% | 0.78% | -0.01% | -0.96% | -0.08% | 1.21% | 1.74% | 4.52% | 3.75% | 4.01% | 5.54% | 1.60% | 1.83% | 3.55% | 2.79% | -0.77% | -0.27% | -7.61% |
| Return on total capital | 7.10% | 5.59% | 6.53% | 3.21% | 1.05% | -1.32% | -0.62% | 1.63% | 2.27% | 6.83% | 5.98% | 6.20% | 7.17% | 0.08% | 0.62% | 3.83% | 4.43% | -2.58% | -1.91% | -14.09% |
| Return on equity (ROE) | 5.13% | 2.77% | 3.85% | 1.24% | -0.02% | -1.45% | -0.12% | 1.74% | 2.43% | 6.22% | 5.13% | 5.38% | 7.30% | 2.10% | 2.33% | 4.67% | 3.70% | -1.02% | -0.37% | -11.09% |
Astec Industries Inc.'s profitability ratios show variations over the past eight quarters.
1. Operating return on assets (Operating ROA) has improved consistently from Q1 2022 to Q4 2023. There was a substantial increase in Q4 2023, reaching 5.14%, indicating that the company has been able to generate more operating income per dollar of assets compared to previous quarters.
2. Return on assets (ROA) has shown a fluctuating trend, with positive values for the most part. However, there was a slight dip in Q1 2022 and Q3 2022. The ratio has been positive since then, with a significant increase in Q4 2023 to 3.16%.
3. Return on total capital has also displayed an upward trend, showing consistent improvement from Q1 2022 to Q4 2023. The ratio reached 7.39% in Q4 2023, indicating the company's ability to generate returns on both debt and equity investments.
4. Return on equity (ROE) has shown volatility, with positive values in some quarters and negative values in others. There was a substantial increase in Q4 2023 to 5.13%, suggesting that the company has been able to increase its profitability in relation to shareholders' equity.
Overall, the profitability ratios of Astec Industries Inc. have shown positive trends in recent quarters, reflecting improvements in operating efficiency and the ability to generate returns for both asset and capital providers.