Calix Inc (CALX)
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 | 49.82% | 51.97% | 51.20% | 50.55% | 50.16% | 50.24% | 50.66% | 51.57% | 52.49% | 52.66% | 52.34% | 51.13% | 49.33% | 47.36% | 45.44% | 44.70% | 44.30% | 44.05% | 44.66% | 44.92% |
| Operating profit margin | 2.46% | 4.97% | 5.52% | 5.65% | 6.06% | 6.77% | 7.09% | 8.97% | 10.88% | 12.50% | 13.49% | 10.64% | 6.81% | 2.76% | -2.42% | -2.89% | -3.63% | -5.26% | -4.41% | -3.83% |
| Pretax margin | 3.34% | 5.68% | 6.07% | 5.96% | 6.23% | 6.72% | 6.89% | 8.79% | 10.69% | 12.35% | 13.27% | 10.25% | 6.33% | 2.20% | -2.78% | -3.10% | -3.90% | -5.42% | -4.54% | -3.89% |
| Net profit margin | 2.82% | 4.69% | 4.47% | 4.55% | 4.72% | 6.12% | 28.95% | 32.16% | 35.09% | 36.05% | 13.16% | 10.15% | 6.19% | 2.01% | -3.08% | -3.41% | -4.17% | -5.67% | -4.66% | -4.02% |
Calix Inc's profitability ratios have shown some fluctuation over the past quarters. The gross profit margin has generally been stable, ranging from around 49% to 52%, indicating the company's ability to generate profits from its core operations. However, there was a slight decline in the most recent quarter, which may warrant further investigation.
The operating profit margin, which reflects the company's ability to control its operating expenses, has shown a decreasing trend from around 9% in Q1 2022 to around 2-6% in the last four quarters. This indicates that Calix Inc may be facing challenges in effectively managing its operating costs and improving operational efficiency.
Similarly, the pretax margin and net profit margin have also experienced fluctuations over the quarters. While both margins have generally been positive, there has been a noticeable decline in Q4 2023 compared to the previous quarter. The significant drop in the net profit margin in Q2 2022 and Q1 2022 is worth noting and may require further investigation to understand the reasons behind this sharp increase and subsequent decrease.
In conclusion, Calix Inc's profitability ratios show some inconsistencies and downward trends in certain quarters. It is crucial for the company to closely monitor its expenses, operational efficiency, and overall profitability to ensure long-term financial sustainability and growth.
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) | 2.72% | 5.47% | 5.82% | 5.76% | 5.95% | 6.25% | 6.58% | 8.13% | 9.96% | 12.09% | 17.30% | 13.67% | 8.62% | 3.52% | -3.43% | -3.90% | -4.86% | -6.97% | -5.95% | -5.19% |
| Return on assets (ROA) | 3.11% | 5.16% | 4.71% | 4.64% | 4.63% | 5.65% | 26.86% | 29.14% | 32.13% | 34.87% | 16.88% | 13.04% | 7.84% | 2.56% | -4.37% | -4.59% | -5.58% | -7.51% | -6.29% | -5.45% |
| Return on total capital | 3.56% | 6.76% | 7.39% | 7.34% | 7.74% | 8.36% | 8.45% | 10.64% | 13.01% | 15.70% | 25.42% | 20.33% | 13.14% | 5.48% | -6.93% | -8.37% | -10.00% | -15.09% | -12.58% | -11.33% |
| Return on equity (ROE) | 4.08% | 6.37% | 5.98% | 5.92% | 6.03% | 7.56% | 34.51% | 38.17% | 41.94% | 45.29% | 24.80% | 19.40% | 11.94% | 3.99% | -8.82% | -9.85% | -11.49% | -16.26% | -13.30% | -11.88% |
Calix Inc's profitability ratios show fluctuating performance over the past eight quarters.
1. Operating return on assets (Operating ROA) has shown a declining trend from Q1 2022 (8.02%) to Q4 2023 (2.72%), indicating that the company's operational efficiency in generating profits from its assets has decreased.
2. Return on assets (ROA) has also experienced fluctuations but generally stayed within the range of 4.63% to 5.65% before dropping to 3.11% in Q4 2023. This suggests that the company's overall ability to generate profits from its total assets has decreased in the latest quarter.
3. Return on total capital has followed a similar trend as Operating ROA, showing a decline from Q1 2022 (10.40%) to Q4 2023 (3.56%). This indicates that the company's efficiency in generating profits from its total invested capital has decreased over time.
4. Return on equity (ROE) has displayed a downward trend from Q1 2022 (38.17%) to Q4 2023 (4.08%), with some fluctuations in between. This highlights a decrease in the company's ability to generate profits for its shareholders' equity.
Overall, the declining trends in these profitability ratios suggest that Calix Inc may be experiencing challenges in optimizing its asset utilization, capital efficiency, and shareholder value creation in recent quarters. Investors and stakeholders may need to closely monitor the company's financial performance and management strategies to assess its future profitability prospects.