AeroVironment Inc (AVAV)
Profitability ratios
Return on sales
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | |
|---|---|---|---|---|---|
| Gross profit margin | 39.71% | 32.24% | 29.41% | 37.64% | 35.73% |
| Operating profit margin | 10.04% | -33.20% | -2.06% | 9.91% | 11.00% |
| Pretax margin | 8.61% | -35.46% | -3.03% | 5.46% | 10.95% |
| Net profit margin | 8.34% | -32.73% | -0.87% | 5.34% | 9.58% |
AeroVironment Inc's profitability ratios have shown fluctuating performance over the past five years.
Gross profit margin has generally improved from 2017 to 2021, indicating the company has been able to control its production costs and generate more revenue from its products, although there was a slight decline in 2023 compared to the previous year.
Operating profit margin, on the other hand, has been volatile, with a significant negative margin in 2023. This suggests that the company's operating expenses were relatively high in that year, impacting its profitability.
Pretax margin also followed a fluctuating trend, with a notable negative value in 2023, indicating that the company incurred significant expenses or faced challenges in generating pre-tax profits that year.
Net profit margin has also shown variability, with negative margins in 2020 and 2023. This indicates that the company faced challenges in generating profits after accounting for all expenses and taxes during those years.
Overall, while AeroVironment Inc has shown improvement in its gross profit margin over the years, its operating profit margin, pretax margin, and net profit margin have been more erratic, indicating potential challenges in controlling operating expenses and generating consistent profitability.
Return on investment
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 7.07% | -21.67% | -1.08% | 4.66% | 8.06% |
| Return on assets (ROA) | 5.87% | -21.36% | -0.46% | 2.51% | 7.02% |
| Return on total capital | 8.55% | -26.40% | -1.26% | 5.42% | 9.24% |
| Return on equity (ROE) | 7.25% | -31.97% | -0.69% | 3.81% | 8.05% |
Based on the profitability ratios of AeroVironment Inc over the past five years, we can observe the following trends:
1. Operating Return on Assets (Operating ROA):
- The Operating ROA has shown significant variability over the five-year period, ranging from a low of -21.67% in 2023 to a high of 8.06% in 2020.
- The positive Operating ROA percentages in 2020 and 2024 indicate that the company generated operating income efficiently relative to its total assets in those years.
2. Return on Assets (ROA):
- Similarly, the ROA has fluctuated widely, with a negative ROA in 2023 and relatively higher values in 2020 and 2024.
- The positive ROA values in 2020 and 2024 suggest that AeroVironment was able to generate profit from its assets in those years.
3. Return on Total Capital:
- The Return on Total Capital has also been volatile, with negative values in 2023 and relatively higher percentages in 2020 and 2024.
- The positive return on total capital in 2020 and 2024 indicates that the company effectively utilized its total capital to generate returns for shareholders.
4. Return on Equity (ROE):
- The ROE has followed a similar pattern to the other profitability ratios, with negative values in 2023 and higher percentages in 2020 and 2024.
- The positive ROE in 2020 and 2024 signifies that AeroVironment generated returns for its shareholders from their equity investments during those years.
Overall, AeroVironment's profitability ratios have experienced fluctuations over the five-year period, influenced by the company's operational performance and asset utilization. It is important for stakeholders to consider these trends along with other fundamental and qualitative factors when evaluating the company's financial health and performance.