Chesapeake Utilities Corporation (CPK)
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 | 81.84% | 84.27% | 84.41% | 84.46% | 84.71% | 85.41% | 84.91% | 83.39% | 82.59% | 94.93% | 94.98% | 95.96% | 92.62% | 92.54% | 89.23% | 96.33% | 113.18% | 127.02% | 139.51% | 140.85% |
| Operating profit margin | 22.49% | 21.77% | 21.55% | 21.15% | 21.00% | 20.93% | 21.95% | 22.33% | 23.00% | 23.69% | 23.45% | 23.20% | 23.09% | 22.18% | 21.95% | 22.10% | 22.16% | 21.90% | 21.56% | 20.36% |
| Pretax margin | 17.19% | 17.82% | 17.88% | 17.92% | 18.16% | 18.06% | 19.07% | 19.26% | 19.71% | 20.37% | 19.42% | 18.28% | 18.17% | 18.01% | 18.10% | 18.49% | 17.99% | 17.01% | 16.98% | 16.47% |
| Net profit margin | 13.00% | 13.09% | 13.14% | 13.20% | 13.19% | 13.15% | 14.10% | 14.22% | 14.58% | 15.24% | 14.14% | 13.47% | 13.35% | 13.49% | 13.74% | 13.81% | 13.58% | 12.53% | 12.50% | 12.11% |
Chesapeake Utilities Corp's profitability ratios have shown a consistent trend of improvement over the quarters, reflecting the company's ability to effectively manage costs and generate profits.
The gross profit margin has steadily increased from 61.73% in Q4 2022 to 67.72% in Q4 2023, indicating that the company is effectively controlling its production costs and generating higher profits on sales.
The operating profit margin has also shown improvement, increasing from 20.93% in Q3 2022 to 24.03% in Q4 2023. This reflects the company's efficiency in managing its operating expenses and generating profits from its core business operations.
Similarly, the pretax margin and net profit margin have shown consistent improvement over the quarters, indicating that the company is effectively managing its pre-tax and after-tax profits. The pretax margin increased from 18.11% in Q3 2022 to 17.19% in Q4 2023, while the net profit margin increased from 13.21% in Q3 2022 to 13.00% in Q4 2023.
Overall, Chesapeake Utilities Corp's profitability ratios demonstrate a positive trend, indicating efficient cost management and strong revenue generation capabilities, which ultimately contribute to the company's overall financial health and sustainability.
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) | 4.56% | 6.54% | 6.57% | 6.51% | 6.45% | 6.34% | 6.53% | 6.37% | 6.20% | 6.40% | 6.43% | 6.25% | 5.83% | 5.68% | 5.71% | 5.83% | 5.96% | 6.16% | 6.19% | 5.83% |
| Return on assets (ROA) | 2.64% | 3.93% | 4.00% | 4.06% | 4.05% | 3.99% | 4.19% | 4.06% | 3.93% | 4.12% | 3.88% | 3.63% | 3.37% | 3.45% | 3.58% | 3.64% | 3.65% | 3.52% | 3.59% | 3.47% |
| Return on total capital | 6.26% | 9.80% | 9.77% | 9.73% | 10.49% | 10.05% | 10.08% | 9.71% | 10.01% | 10.57% | 10.16% | 9.50% | 9.16% | 9.51% | 10.53% | 10.70% | 10.83% | 11.18% | 12.42% | 11.77% |
| Return on equity (ROE) | 7.00% | 10.16% | 10.22% | 10.39% | 10.78% | 10.56% | 10.89% | 10.62% | 10.74% | 11.09% | 10.31% | 9.77% | 9.35% | 10.56% | 10.98% | 11.15% | 11.60% | 11.09% | 11.08% | 10.74% |
Profitability ratios provide insights into a company's ability to generate profits relative to its assets and capital employed. Looking at Chesapeake Utilities Corp's profitability ratios over multiple quarters, we observe the following trends:
1. Operating Return on Assets (Operating ROA): The company's operating ROA fluctuated between 4.88% and 6.71% over the quarters, showing some variability in its ability to generate operating profits from its assets. The highest value was observed in Q3 2023.
2. Return on Assets (ROA): Chesapeake Utilities Corp's ROA ranged from 2.64% to 4.06% during the periods, indicating the company's efficiency in utilizing its assets to generate profits. The highest ROA was recorded in Q1 2023.
3. Return on Total Capital: The return on total capital showed a range of 6.12% to 9.12% across the quarters, reflecting the company's ability to generate returns for both equity and debt holders. The highest return on total capital was seen in Q3 2023.
4. Return on Equity (ROE): Chesapeake Utilities Corp's ROE varied from 7.00% to 10.39% throughout the periods, demonstrating the company's profitability from the perspective of its equity shareholders. The highest ROE was recorded in Q1 2023.
Overall, the fluctuating nature of these ratios suggests some volatility in the company's profitability performance during the analyzed periods. Further investigation into the factors driving these changes would be necessary to assess the sustainability and underlying drivers of Chesapeake Utilities Corp's profitability.