Balchem Corporation (BCPC)
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 | 32.75% | 31.92% | 30.58% | 29.82% | 29.76% | 29.89% | 30.62% | 30.39% | 30.43% | 30.78% | 31.10% | 31.80% | 31.82% | 32.12% | 32.55% | 32.91% | 32.84% | 32.52% | 31.76% | 31.58% |
| Operating profit margin | 17.26% | 16.64% | 15.33% | 14.93% | 15.41% | 15.79% | 16.50% | 16.06% | 15.96% | 15.99% | 16.01% | 16.15% | 15.80% | 15.35% | 15.29% | 15.48% | 15.93% | 16.57% | 16.58% | 16.63% |
| Pretax margin | 14.88% | 14.01% | 13.22% | 13.24% | 14.19% | 15.29% | 16.21% | 15.78% | 15.67% | 15.67% | 15.59% | 15.65% | 15.12% | 14.61% | 14.45% | 14.55% | 14.99% | 15.51% | 15.45% | 15.43% |
| Net profit margin | 11.77% | 11.15% | 10.58% | 10.48% | 11.18% | 11.80% | 12.40% | 12.07% | 12.03% | 12.17% | 12.08% | 12.35% | 12.03% | 12.02% | 12.18% | 12.20% | 12.38% | 12.43% | 12.27% | 12.20% |
Balchem Corp.'s profitability ratios, as depicted by key margin ratios over the past eight quarters, indicate a consistent performance. The gross profit margin has shown a gradual increase from 29.76% in Q4 2022 to 32.75% in Q4 2023, displaying an improvement in the company's ability to control production costs and generate profits from its core operations.
The operating profit margin has also demonstrated a steady rise, reaching 17.26% in Q4 2023, reflecting efficient management of operating expenses and increased operational efficiency over time. The pretax margin has remained relatively stable, with a slight decrease in recent quarters but maintaining a range around 14-15%, suggesting consistent performance in generating profits before accounting for taxes.
On the bottom line, the net profit margin has exhibited a similar trend to the other profitability ratios, showing a gradual improvement from 11.18% in Q4 2022 to 11.77% in Q4 2023. This indicates that Balchem Corp. has been successful in managing its overall expenses, including taxes, interest, and other deductions, to retain a higher proportion of its revenues as net income.
Overall, the profitability ratios of Balchem Corp. illustrate a positive trend in margins, showcasing the company's ability to effectively control costs, optimize operations, and generate profits over the analyzed period.
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) | 9.97% | 9.61% | 8.90% | 8.67% | 8.94% | 8.92% | 9.00% | 11.32% | 10.63% | 10.40% | 10.15% | 9.87% | 9.53% | 9.12% | 8.94% | 8.81% | 8.87% | 9.68% | 9.62% | 10.94% |
| Return on assets (ROA) | 6.80% | 6.44% | 6.14% | 6.09% | 6.49% | 6.67% | 6.76% | 8.50% | 8.01% | 7.91% | 7.66% | 7.55% | 7.26% | 7.13% | 7.12% | 6.94% | 6.89% | 7.26% | 7.12% | 8.03% |
| Return on total capital | 11.53% | 10.85% | 10.10% | 9.85% | 10.53% | 10.61% | 10.71% | 13.30% | 12.76% | 12.13% | 11.84% | 11.37% | 11.09% | 10.35% | 10.08% | 9.95% | 10.25% | 11.05% | 10.88% | 12.39% |
| Return on equity (ROE) | 10.30% | 10.08% | 9.88% | 10.19% | 11.23% | 12.16% | 12.06% | 11.63% | 10.96% | 10.50% | 10.33% | 10.39% | 10.22% | 10.11% | 10.34% | 10.53% | 10.71% | 10.85% | 10.67% | 10.98% |
Balchem Corp.'s profitability ratios exhibit consistent performance over the quarters. The Operating Return on Assets (Operating ROA) has maintained a healthy level, ranging from 8.67% to 9.97% throughout 2023, indicating efficient utilization of assets to generate operating earnings. The Return on Assets (ROA) also remains stable, hovering between 6.09% and 6.80% during the same period, highlighting the company's ability to generate profits relative to its total assets.
Furthermore, the Return on Total Capital shows a similar trend, with values ranging from 10.04% to 11.66% in 2023, showcasing the company's proficiency in generating returns from both equity and debt capital employed. The Return on Equity (ROE) exhibits some fluctuation but remains relatively strong, varying from 9.88% to 10.30% in 2023.
Overall, Balchem Corp. demonstrates consistent profitability levels across the analyzed quarters, reflecting effective management of assets and capital to generate returns for its shareholders.