B&G Foods Inc (BGS)
Profitability ratios
Return on sales
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 21.84% | 21.98% | 22.10% | 22.33% | 22.19% | 21.72% | 21.08% | 19.78% | 18.93% | 18.25% | 18.36% | 20.18% | 21.32% | 22.21% | 23.96% | 24.51% | 24.55% | 24.35% | 24.05% | 23.57% |
| Operating profit margin | -9.17% | 6.21% | -0.14% | 0.13% | 3.92% | 5.00% | 5.96% | 4.89% | 4.56% | 2.54% | 7.54% | 9.14% | 9.57% | 10.97% | 12.81% | 13.78% | 14.09% | 14.44% | 13.95% | 12.89% |
| Pretax margin | -17.10% | -1.69% | -7.56% | -7.10% | -3.27% | -1.79% | -0.52% | -1.25% | -0.87% | -2.60% | 2.58% | 4.27% | 4.57% | 5.92% | 7.69% | 8.86% | 9.04% | 9.04% | 8.37% | 6.94% |
| Net profit margin | -13.00% | -1.35% | -5.85% | -5.45% | -3.23% | -2.12% | -1.00% | -1.48% | -0.53% | -1.92% | 1.90% | 3.08% | 3.29% | 4.24% | 5.60% | 6.48% | 6.73% | 6.75% | 6.22% | 5.17% |
The profitability ratios of B&G Foods Inc have shown a declining trend over the past few years.
- Gross profit margin has been decreasing gradually from 23.57% as of March 31, 2020 to 21.84% as of December 31, 2024, indicating a reduction in the percentage of revenue retained after accounting for the cost of goods sold.
- Operating profit margin has also exhibited a significant decline, dropping from 12.89% on March 31, 2020 to -9.17% on December 31, 2024. This suggests increasing operating expenses relative to sales revenue, leading to negative margins in some periods.
- Pretax margin has followed a similar downward trajectory, falling from 6.94% on March 31, 2020 to -17.10% on December 31, 2024. This indicates decreasing profitability before accounting for taxes, likely influenced by deteriorating operating performance.
- Net profit margin has experienced a notable decrease, declining from 5.17% on March 31, 2020 to -13.00% on December 31, 2024. This ratio reflects the company's profitability after all expenses, including taxes, with the negative figures indicating net losses in the latter periods.
Overall, the declining trend in profitability ratios suggests challenges faced by B&G Foods Inc in maintaining and improving its profitability performance over the reviewed period.
Return on investment
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | -5.92% | 3.54% | -0.08% | 0.08% | 2.32% | 2.65% | 3.41% | 2.78% | 2.57% | 1.35% | 4.04% | 4.96% | 5.12% | 5.53% | 6.71% | 7.44% | 7.34% | 8.49% | 7.88% | 6.59% |
| Return on assets (ROA) | -8.39% | -0.77% | -3.48% | -3.27% | -1.91% | -1.12% | -0.57% | -0.84% | -0.30% | -1.02% | 1.02% | 1.67% | 1.76% | 2.14% | 2.94% | 3.50% | 3.50% | 3.97% | 3.52% | 2.64% |
| Return on total capital | -6.98% | 4.71% | -0.11% | 0.10% | 2.81% | 3.79% | 4.07% | 3.32% | 3.08% | 1.64% | 4.90% | 5.96% | 6.15% | 6.74% | 7.97% | 8.77% | 8.73% | 10.51% | 9.52% | 7.89% |
| Return on equity (ROE) | -47.87% | -3.48% | -15.22% | -14.06% | -7.92% | -5.29% | -2.46% | -3.67% | -1.31% | -4.81% | 4.24% | 7.02% | 7.32% | 10.15% | 13.12% | 15.56% | 15.87% | 15.42% | 13.99% | 11.01% |
Firstly, let's analyze the profitability ratios of B&G Foods Inc based on the provided data:
1. Operating return on assets (Operating ROA):
The Operating ROA of B&G Foods Inc has been fluctuating over the years. It peaked at 8.49% in September 2020 but has been on a downward trend since then, reaching 0.08% in March 2024. The reduction in Operating ROA indicates a decline in the company's ability to generate profit from its assets through its core operations.
2. Return on assets (ROA):
Similarly to Operating ROA, the ROA of B&G Foods Inc has shown a downward trend, from a high of 3.97% in September 2020 to -8.39% in December 2024. This indicates that the company's overall profitability in relation to its total assets has been deteriorating over the years.
3. Return on total capital:
The Return on total capital of B&G Foods Inc has also exhibited a declining pattern, indicating a decrease in the company's ability to generate returns from its total invested capital. The ratio decreased from a high of 10.51% in September 2020 to -6.98% in December 2024.
4. Return on equity (ROE):
The ROE of B&G Foods Inc has seen a significant decrease from a high of 15.87% in December 2020 to -47.87% in December 2024. This sharp decline reveals a weakening ability of the company to generate returns for its shareholders from their equity investments.
In conclusion, the profitability ratios of B&G Foods Inc, including Operating ROA, ROA, Return on total capital, and ROE, have undergone a sustained decline over the years. This indicates a deteriorating financial performance and efficiency in utilizing assets and capital to generate profits. The company may need to review its operational strategies and financial management to improve its profitability and returns to investors.