Barnes Group Inc (B)
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 | -2.68% | -0.63% | 2.98% | -1.06% | 0.57% | -1.27% | 0.71% | 6.92% | 7.11% | 7.18% | 6.48% | 2.72% | 4.15% | 4.06% | 6.44% | 10.30% | 28.43% | -30.82% | -9.51% | 6.54% |
| Operating profit margin | 6.41% | 6.37% | 8.06% | 3.88% | 4.58% | 5.49% | 6.53% | 11.86% | 12.07% | 12.09% | 11.60% | 9.88% | 11.15% | 12.85% | 14.66% | 16.57% | 12.85% | 12.19% | 9.80% | 8.64% |
| Pretax margin | 2.40% | 3.53% | 6.42% | 2.28% | 3.06% | 3.91% | 5.01% | 10.11% | 10.29% | 10.15% | 9.69% | 7.89% | 9.17% | 10.96% | 12.60% | 14.56% | 11.24% | 10.64% | 8.56% | 7.66% |
| Net profit margin | 1.15% | 1.86% | 4.91% | 0.48% | 1.08% | 2.09% | 2.94% | 8.05% | 8.04% | 7.34% | 6.62% | 4.92% | 5.73% | 7.33% | 9.12% | 10.86% | 8.60% | 8.37% | 6.69% | 6.17% |
Based on the provided data for Barnes Group Inc., we observe fluctuations in the company's profitability ratios over the past eight quarters.
1. Gross Profit Margin: The gross profit margin measures the percentage of revenue that exceeds the cost of goods sold. Barnes Group Inc. has shown a gradual decline in this metric, decreasing from 35.70% in Q1 2022 to 30.47% in Q4 2023. This decrease may indicate reduced efficiency in managing production costs.
2. Operating Profit Margin: The operating profit margin reflects the company's ability to control operating expenses relative to revenue. Barnes Group Inc. experienced fluctuations in this ratio, with a peak of 11.83% in Q2 2022 and a low of 6.13% in Q4 2023. This variability suggests some challenges in effectively managing operating costs.
3. Pretax Margin: The pretax margin indicates the proportion of pre-tax income to total revenue. Barnes Group Inc. showed significant fluctuations in this ratio, with a substantial increase from 2.25% in Q1 2023 to 6.33% in Q2 2023. This rise suggests improved operational efficiency or cost management in the second quarter of 2023.
4. Net Profit Margin: The net profit margin represents the company's profitability after all expenses, including taxes, have been deducted. Barnes Group Inc. exhibited variability in this metric, with a notable peak of 7.95% in Q1 2022 and a low of 0.48% in Q1 2023. This variation indicates fluctuating levels of profitability over the quarters.
In conclusion, the analysis of Barnes Group Inc.'s profitability ratios reveals mixed performance trends, with fluctuations in gross profit margin, operating profit margin, pretax margin, and net profit margin. The company may need to focus on optimizing cost management strategies to achieve consistent and sustainable profitability in the future.
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) | 2.69% | 2.55% | 4.24% | 2.02% | 2.37% | 2.96% | 3.42% | 5.82% | 5.82% | 5.70% | 5.14% | 4.09% | 4.61% | 5.82% | 7.27% | 8.81% | 8.63% | 8.40% | 7.83% | 8.07% |
| Return on assets (ROA) | 0.48% | 0.74% | 2.58% | 0.25% | 0.56% | 1.13% | 1.54% | 3.95% | 3.88% | 3.46% | 2.93% | 2.04% | 2.37% | 3.32% | 4.52% | 5.78% | 5.78% | 5.77% | 5.35% | 5.76% |
| Return on total capital | 6.71% | 3.22% | 5.25% | 2.33% | 2.76% | 3.44% | 4.08% | 7.00% | 7.10% | 6.93% | 6.30% | 4.99% | 5.64% | 7.28% | 9.15% | 11.16% | 10.85% | 10.60% | 10.03% | 10.39% |
| Return on equity (ROE) | 1.17% | 1.82% | 4.58% | 0.45% | 1.00% | 2.06% | 2.80% | 7.01% | 6.99% | 6.42% | 5.53% | 3.92% | 4.58% | 6.62% | 9.31% | 12.38% | 12.46% | 12.90% | 12.35% | 13.18% |
Barnes Group Inc.'s profitability ratios show some fluctuation over the past eight quarters.
1. Operating return on assets (Operating ROA) demonstrates the company's ability to generate operating income relative to its total assets. It ranged from 2.55% to 6.26% over the period, with a significant decline in Q4 2023 compared to the previous quarters. This indicates that the company's operating efficiency may have decreased.
2. Return on assets (ROA) indicates the company's overall profitability relative to its total assets. It fluctuated from 0.25% to 2.58% over the period, with relatively low values in Q1 2023 and a peak in Q2 2023. The company's ability to generate profits from its assets improved but remained relatively low compared to some quarters.
3. Return on total capital reflects the company's ability to generate returns for all providers of capital, including shareholders and debt holders. It ranged from 3.15% to 7.89% over the period, with a peak in Q2 2023. The values remained relatively stable, indicating consistent performance in generating returns on total invested capital.
4. Return on equity (ROE) measures the company's ability to generate returns for its shareholders. It varied from 0.45% to 7.01% over the period, with a notable increase in Q4 2023. The company's ability to generate profits for its shareholders improved significantly in the last quarter compared to previous periods.
Overall, the analysis of Barnes Group Inc.'s profitability ratios shows mixed performance in profitability metrics. The company experienced fluctuations in operating efficiency and overall profitability, while maintaining relatively stable returns on total capital. The improvement in return on equity in Q4 2023 indicates better returns for shareholders, suggesting potential positive momentum for the company.