Benchmark Electronics Inc (BHE)
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 | 9.55% | 9.39% | 9.15% | 8.88% | 8.84% | 8.85% | 9.04% | 9.28% | 9.13% | 9.07% | 8.92% | 8.51% | 8.53% | 7.93% | 7.94% | 8.20% | 8.18% | 8.29% | 8.01% | 7.87% |
| Operating profit margin | 3.86% | 3.61% | 3.37% | 3.31% | 3.12% | 2.95% | 2.66% | 2.37% | 2.35% | 2.16% | 2.06% | 1.50% | 1.22% | 0.20% | 0.25% | 0.87% | 1.26% | 2.20% | 2.17% | 2.21% |
| Pretax margin | 2.86% | 2.94% | 2.81% | 2.93% | 2.92% | 2.68% | 2.39% | 2.06% | 2.01% | 1.80% | 1.69% | 1.09% | 0.84% | -0.15% | -0.07% | 0.67% | 1.20% | 2.19% | 2.16% | 2.16% |
| Net profit margin | 2.27% | 2.35% | 2.25% | 2.36% | 2.36% | 2.15% | 1.89% | 1.63% | 1.59% | 1.45% | 1.38% | 0.89% | 0.68% | -0.03% | 0.03% | 0.62% | 1.03% | 2.40% | 2.35% | 2.35% |
Benchmark Electronics Inc.'s profitability ratios reflect a consistent trend of improvement over the past year. The company's gross profit margin has shown a gradual increase from 8.84% in Q4 2022 to 9.55% in Q4 2023, indicating better control over production costs and higher efficiency in generating revenue.
Similarly, the operating profit margin has improved from 3.42% in Q4 2022 to 4.16% in Q4 2023, demonstrating enhanced operational efficiency and cost management. The pretax margin has also exhibited growth, rising from 2.68% in Q4 2022 to 2.86% in Q4 2023, suggesting better management of non-operating expenses.
The net profit margin has shown a positive trend, increasing from 1.63% in Q1 2022 to 2.27% in Q4 2023. This improvement indicates the company's ability to effectively manage both operating and non-operating expenses to generate higher profits relative to revenue. Overall, Benchmark Electronics Inc.'s profitability ratios reflect a positive trajectory, showcasing enhanced profitability and operating efficiency.
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) | 4.82% | 4.48% | 4.31% | 4.27% | 4.04% | 3.59% | 3.15% | 2.82% | 2.79% | 2.51% | 2.37% | 1.74% | 1.44% | 0.23% | 0.29% | 1.04% | 1.62% | 3.02% | 2.97% | 3.03% |
| Return on assets (ROA) | 2.83% | 2.91% | 2.88% | 3.06% | 3.06% | 2.61% | 2.25% | 1.94% | 1.88% | 1.69% | 1.59% | 1.03% | 0.81% | -0.03% | 0.04% | 0.74% | 1.33% | 3.30% | 3.21% | 3.22% |
| Return on total capital | 10.48% | 10.70% | 10.17% | 10.04% | 9.47% | 8.38% | 7.05% | 5.87% | 5.53% | 4.89% | 4.54% | 3.18% | 2.59% | 0.49% | 0.61% | 2.16% | 3.34% | 5.82% | 6.05% | 6.03% |
| Return on equity (ROE) | 5.96% | 6.39% | 6.34% | 6.73% | 6.65% | 5.94% | 4.94% | 3.98% | 3.67% | 3.23% | 2.99% | 1.85% | 1.42% | -0.06% | 0.07% | 1.36% | 2.31% | 5.64% | 5.62% | 5.58% |
Benchmark Electronics Inc.'s profitability ratios show a positive trend over the past quarters. The Operating Return on Assets (Operating ROA) has been steadily increasing from 3.62% in Q1 2022 to 5.19% in Q4 2023, indicating improved efficiency in generating profits from its assets.
The Return on Assets (ROA) also demonstrates a positive trend, fluctuating slightly but generally increasing over the quarters, reaching 3.06% in Q4 2023 from 1.94% in Q1 2022. This suggests that Benchmark Electronics Inc. has been able to generate higher earnings relative to its total assets.
The Return on Total Capital has been relatively stable and positive, showing a consistent performance in generating profits from both equity and debt capital. It increased from 6.14% in Q1 2022 to 8.37% in Q4 2023, indicating effective capital utilization in generating returns for the company.
Moreover, the Return on Equity (ROE) has also shown a positive trend, reflecting an increase in profitability for shareholders. It rose from 3.98% in Q1 2022 to 5.96% in Q4 2023, demonstrating the company's ability to generate higher returns for its equity holders.
Overall, Benchmark Electronics Inc.'s profitability ratios indicate improving efficiency and effectiveness in utilizing its assets and capital to generate profits, leading to a positive trend in financial performance.