Avient Corp (AVNT)
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 | 29.50% | 23.66% | 23.26% | 21.00% | 19.06% | 20.45% | 19.15% | 19.99% | 21.57% | 23.25% | 24.80% | 25.23% | 24.61% | 24.04% | 24.02% | 22.48% | 21.06% | 19.57% | 18.47% | 18.06% |
| Operating profit margin | 6.50% | 4.26% | 4.36% | 4.75% | 5.25% | 6.46% | 6.17% | 6.42% | 6.99% | 7.60% | 7.69% | 7.08% | 5.94% | 5.08% | 5.84% | 5.53% | 5.03% | 5.05% | 4.96% | 5.04% |
| Pretax margin | 2.87% | 15.17% | 14.47% | 14.56% | 14.77% | 5.51% | 6.39% | 6.11% | 6.24% | 6.29% | 5.55% | 4.89% | 3.76% | 19.59% | 22.74% | 21.10% | 19.95% | 4.72% | 4.60% | 4.92% |
| Net profit margin | 2.50% | 16.36% | 15.66% | 15.32% | 15.18% | 4.16% | 5.08% | 4.83% | 4.87% | 6.04% | 5.27% | 4.91% | 4.13% | 18.35% | 21.33% | 19.85% | 18.87% | 4.09% | 4.09% | 4.34% |
Avient Corp's profitability ratios exhibit fluctuations over the quarters analyzed. The gross profit margin has shown a generally improving trend, with Q4 2023 reaching 28.40%, compared to 25.99% in Q4 2022. This indicates better cost management and pricing strategies.
The operating profit margin has been somewhat volatile, ranging from a low of 4.09% in Q3 2023 to a high of 8.19% in Q2 2022. Q4 2023 saw an improvement to 6.26%, reflecting operational efficiency gains.
The pretax margin experienced significant swings, with Q3 2023 showing a negative figure of -2.76%, contrasting with Q2 2022's 6.74% positive margin. Q4 2023 improved to 2.78%, indicating better control over operating costs and expenses.
The net profit margin has also been variable, with Q3 2023 notably high at 24.64%, while Q4 2023 settled at 2.41%. The fluctuations may reflect one-off events impacting profitability or changes in the company's financial structure.
Overall, Avient Corp's profitability ratios demonstrate a mix of performance levels, with areas of strength and areas that may require further attention to enhance overall profitability and sustained financial stability.
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) | 3.30% | 2.66% | 2.65% | 3.24% | 4.00% | 4.65% | 6.05% | 6.21% | 6.63% | 6.91% | 6.48% | 5.23% | 3.89% | 3.07% | 3.56% | 4.34% | 4.79% | 5.65% | 5.87% | 5.93% |
| Return on assets (ROA) | 1.27% | 10.22% | 9.52% | 10.45% | 11.55% | 2.99% | 4.99% | 4.67% | 4.62% | 5.49% | 4.44% | 3.63% | 2.70% | 11.10% | 13.00% | 15.58% | 17.98% | 4.57% | 4.84% | 5.10% |
| Return on total capital | 4.48% | 3.54% | 3.55% | 4.38% | 5.39% | 6.94% | 9.98% | 10.22% | 9.14% | 9.57% | 9.03% | 7.22% | 5.33% | 4.19% | 4.54% | 5.91% | 6.93% | 8.33% | 8.77% | 8.74% |
| Return on equity (ROE) | 3.26% | 25.98% | 24.68% | 27.19% | 30.12% | 10.95% | 13.90% | 13.00% | 13.01% | 15.56% | 12.67% | 10.43% | 7.75% | 32.72% | 36.35% | 37.90% | 55.96% | 22.78% | 24.88% | 26.59% |
Avient Corp's profitability ratios have fluctuated over the past eight quarters.
The Operating Return on Assets (Operating ROA) has shown a general decreasing trend from 8.14% in Q2 2022 to 1.70% in Q3 2023, indicating a decline in the company's ability to generate profits from its assets through its core operations.
Return on Assets (ROA) has been quite volatile, with a significant spike to 10.22% in Q3 2023 from lower levels in the previous quarters. This suggests that Avient Corp's net income relative to its total assets improved dramatically in Q3 2023.
Return on Total Capital has also shown fluctuations, with a decrease from 11.20% in Q2 2022 to 2.26% in Q3 2023. This ratio reflects the overall profitability of the company's invested capital, including debt and equity.
Return on Equity (ROE) has displayed a similar trend to ROA, with a peak of 30.12% in Q4 2022 and a subsequent increase in Q3 2023. This ratio indicates the company's ability to generate a profit relative to shareholders' equity.
Overall, Avient Corp's profitability ratios have shown variability, reflecting changes in the company's operational efficiency and financial performance over the analyzed periods. Further investigation into the reasons behind these fluctuations would be needed to provide a more in-depth analysis of the company's profitability trends.