American Axle & Manufacturing (AXL)
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 | 10.26% | 10.62% | 11.42% | 11.59% | 12.15% | 11.89% | 12.47% | 13.18% | 14.01% | 15.29% | 16.19% | 12.78% | 12.34% | 11.26% | 10.64% | 14.10% | 13.58% | 14.02% | 13.89% | 14.67% |
| Operating profit margin | 2.41% | 2.86% | 3.51% | 3.58% | 4.20% | 3.91% | 3.87% | 4.16% | 4.66% | 5.81% | 7.47% | 3.01% | -8.39% | -19.36% | -23.50% | -13.55% | -4.54% | -4.22% | -0.65% | 0.35% |
| Pretax margin | -0.40% | 0.11% | 0.79% | 0.98% | 1.14% | -0.01% | -0.69% | -0.82% | 0.02% | 1.86% | 3.77% | -1.35% | -12.93% | -23.95% | -27.90% | -17.23% | -8.03% | -7.69% | -4.01% | -2.57% |
| Net profit margin | -0.55% | -0.01% | 0.72% | 0.99% | 1.11% | 0.07% | -0.46% | -0.61% | 0.11% | 1.65% | 3.72% | -0.45% | -11.89% | -22.36% | -26.04% | -16.55% | -7.29% | -5.82% | -2.94% | -1.48% |
American Axle & Manufacturing Holdings Inc's profitability ratios have shown a decreasing trend in recent quarters. The gross profit margin, which measures the percentage of revenue remaining after accounting for cost of goods sold, has been gradually declining from 12.15% in Q4 2022 to 10.27% in Q4 2023. This indicates a decrease in the company's ability to generate profit from its core operations.
Similarly, the operating profit margin, representing the percentage of revenue remaining after deducting operating expenses, has also been decreasing from 4.72% in Q4 2022 to 2.83% in Q4 2023. This suggests that the company's operational efficiency may be deteriorating.
The pretax margin, which indicates the percentage of revenue remaining after accounting for all operating expenses and taxes, has turned negative in Q4 2023 at -0.40%, compared to 1.14% in Q4 2022. This implies that the company is facing challenges in generating profits before taxes.
Furthermore, the net profit margin, reflecting the percentage of revenue remaining after all expenses including taxes, shows a similar downward trend, falling from 1.06% in Q4 2022 to -0.55% in Q4 2023. This indicates that the company's bottom-line profitability has been negatively impacted.
Overall, American Axle & Manufacturing Holdings Inc's profitability ratios suggest a declining trend in profitability and efficiency in recent quarters, which may raise concerns regarding the company's financial performance and operational effectiveness.
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) | 2.74% | 3.13% | 3.81% | 3.85% | 4.46% | 3.92% | 3.58% | 3.76% | 4.27% | 5.52% | 7.13% | 2.44% | -6.69% | -15.32% | -19.27% | -13.60% | -4.54% | -3.89% | -0.60% | 0.33% |
| Return on assets (ROA) | -0.63% | -0.01% | 0.79% | 1.07% | 1.18% | 0.07% | -0.43% | -0.55% | 0.10% | 1.56% | 3.56% | -0.36% | -9.49% | -17.70% | -21.36% | -16.61% | -7.29% | -5.36% | -2.70% | -1.38% |
| Return on total capital | 5.21% | 5.74% | 6.62% | 6.75% | 6.83% | 5.06% | 4.09% | 4.10% | 5.49% | 69.94% | 94.63% | 36.58% | -10.32% | -267.79% | -597.25% | -219.24% | -32.33% | -21.33% | -3.80% | 2.18% |
| Return on equity (ROE) | -5.55% | -0.10% | 6.72% | 9.36% | 10.25% | 0.84% | -5.29% | -6.54% | 1.29% | 20.38% | 47.09% | -5.33% | -151.50% | -308.51% | -659.07% | -263.57% | -49.56% | -27.86% | -12.99% | -6.92% |
American Axle & Manufacturing Holdings Inc's profitability ratios show a mixed performance over the past eight quarters.
1. Operating return on assets (Operating ROA) has been fluctuating, ranging from 3.21% to 4.32%. The ratio indicates the company's ability to generate profits from its operational assets, and the recent figures suggest a moderate level of efficiency in this aspect.
2. Return on assets (ROA) has been negative in some quarters, indicating that the company is not effectively generating profits from its total assets. However, the positive figures in other quarters show an improving trend over the period.
3. Return on total capital shows a similar pattern to ROA, with fluctuations but an overall positive trend. The ratio indicates the efficiency of the company in generating returns from both equity and debt capital.
4. Return on equity (ROE) has varied significantly, with negative figures in some quarters. This ratio reflects how well the company is utilizing its shareholders' investments to generate profits. The recent positive figures indicate an improvement in this aspect compared to previous quarters.
In conclusion, while American Axle & Manufacturing Holdings Inc's profitability ratios have shown some variability, there are signs of improvement in efficiently utilizing assets and generating returns for shareholders over the analyzed quarters.