Allegheny Technologies Incorporated (ATI)
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 | 19.23% | 19.47% | 19.17% | 18.74% | 19.25% | 19.16% | 17.70% | 15.10% | 12.60% | 9.46% | 8.25% | 9.03% | 9.88% | 12.63% | 14.21% | 15.48% | 15.22% | 14.56% | 14.81% | 15.05% |
| Operating profit margin | 11.17% | 11.61% | 11.30% | 8.20% | 7.74% | 7.24% | 5.23% | 5.90% | 4.45% | -38.33% | -41.98% | -49.63% | -43.96% | -3.51% | -0.31% | 8.97% | 8.74% | 8.09% | 8.23% | 8.44% |
| Pretax margin | 5.73% | 7.86% | 7.44% | 4.70% | 3.95% | 0.91% | 1.20% | 0.97% | -0.43% | -41.53% | -48.49% | -56.66% | -50.45% | -9.99% | -4.37% | 5.92% | 5.47% | 5.83% | 4.55% | 4.57% |
| Net profit margin | 8.80% | 7.43% | 7.06% | 4.32% | 3.53% | 0.71% | 0.38% | 0.02% | -1.44% | -41.71% | -47.86% | -59.34% | -53.07% | -11.97% | -6.17% | 6.36% | 6.15% | 5.72% | 4.36% | 4.41% |
ATI Inc's profitability ratios have shown a positive trend over the past eight quarters. The gross profit margin has remained relatively stable around 18% to 19%, indicating efficient cost management in production. The operating profit margin has shown incremental improvement, indicating better operational efficiency and cost control.
The pretax margin has also shown a positive trend, increasing from 1.32% in Q1 2022 to 7.07% in Q4 2023. This suggests that ATI Inc has been able to better manage its expenses and generate higher operating profits before accounting for taxes.
The net profit margin, which reflects the company's bottom line profitability, has shown a significant improvement from 0.02% in Q1 2022 to 9.84% in Q4 2023. This indicates that ATI Inc has successfully managed its expenses, including interest and taxes, resulting in higher net profits relative to revenue.
Overall, ATI Inc's profitability ratios demonstrate a positive trajectory, with consistent improvement in efficiency and profitability over the quarters analyzed. This signals effective management of costs and operations, positioning the company for sustainable growth.
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) | 9.36% | 9.87% | 10.26% | 7.53% | 6.46% | 5.73% | 3.84% | 3.84% | 2.74% | -22.43% | -27.11% | -32.92% | -32.29% | -2.29% | -0.23% | 6.40% | 6.50% | 6.08% | 6.18% | 6.26% |
| Return on assets (ROA) | 7.37% | 6.31% | 6.41% | 3.97% | 2.94% | 0.56% | 0.28% | 0.01% | -0.89% | -24.41% | -30.91% | -39.37% | -38.97% | -7.80% | -4.53% | 4.54% | 4.57% | 4.30% | 3.27% | 3.27% |
| Return on total capital | 33.97% | 37.68% | 38.09% | 29.45% | 27.47% | 30.22% | 21.30% | 24.72% | 17.15% | -191.67% | -227.74% | -277.35% | -249.99% | -6.69% | -0.68% | 17.80% | 17.53% | 15.79% | 16.91% | 17.77% |
| Return on equity (ROE) | 26.77% | 24.11% | 23.79% | 15.51% | 12.52% | 2.97% | 1.55% | 0.09% | -5.57% | -208.61% | -259.66% | -331.66% | -301.78% | -22.79% | -13.48% | 12.63% | 12.32% | 11.17% | 8.97% | 9.28% |
ATI Inc's profitability ratios have shown a positive trend over the past quarters. The operating return on assets (Operating ROA) has been steadily increasing from 9.37% in Q4 2022 to 10.28% in Q2 2023. This indicates the company's ability to generate operating income from its assets has been improving.
Similarly, the return on assets (ROA) has also been on an upward trajectory, reaching 8.24% in Q4 2023 compared to just 2.94% in Q4 2022. This suggests that ATI Inc has become more efficient in utilizing its assets to generate profits over the quarters.
The return on total capital has exhibited fluctuation but overall an increasing trend, with the ratio peaking at 15.85% in Q1 2023. This indicates that the company's profitability relative to its total capital has been improving steadily.
Furthermore, the return on equity (ROE) has shown significant growth over the quarters, with the ratio reaching 29.92% in Q4 2023, showcasing the company's ability to generate profit for its equity shareholders. This increasing trend in ROE indicates an improvement in ATI Inc's profitability and efficiency in generating returns for its equity investors.
Overall, the profitability ratios of ATI Inc reflect a positive trend, indicating improving operational efficiency and profitability performance over the quarters.