Corsair Gaming Inc (CRSR)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|
| Gross profit margin | 24.68% | 21.57% | 26.99% | 27.34% |
| Operating profit margin | 0.66% | -3.98% | 7.24% | 9.30% |
| Pretax margin | -0.34% | -4.67% | 6.02% | 7.17% |
| Net profit margin | -0.18% | -3.96% | 5.30% | 6.06% |
Corsair Gaming Inc's profitability ratios show fluctuations over the past five years. The gross profit margin has ranged from 20.44% in 2019 to 26.99% in 2021, indicating the company's ability to generate profits from its core operations.
The operating profit margin has been inconsistent, with a significant improvement in 2021 at 7.24% compared to negative figures in 2020 and 2019. This suggests the company's efficiency in managing its operating expenses.
The pretax margin also shows variability, with a notable increase in 2021 at 6.02% compared to negative figures in 2019 and 2020. This ratio reflects Corsair Gaming Inc's ability to generate earnings before accounting for taxes.
The net profit margin has also been inconsistent, with positive figures in 2021, 2020, and 2019, but negative in 2022. This ratio indicates the company's profitability after all expenses and taxes have been deducted.
Overall, while there have been fluctuations in profitability ratios, Corsair Gaming Inc has shown improvements in its margins, specifically in 2021, which indicates efforts to enhance operational efficiency and profitability. However, the company should continue to focus on sustaining and improving its profitability metrics in the future.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 0.71% | -4.22% | 10.31% | 12.05% |
| Return on assets (ROA) | -0.19% | -4.19% | 7.55% | 7.85% |
| Return on total capital | 1.14% | -6.40% | 17.00% | 20.87% |
| Return on equity (ROE) | -0.39% | -8.72% | 17.77% | 23.60% |
Corsair Gaming Inc's profitability ratios have shown fluctuations over the past five years.
1. Operating return on assets (Operating ROA):
Operating ROA has varied significantly, ranging from -4.22% in 2022 to 12.05% in 2020. The latest figure of 0.71% in 2023 indicates a moderate improvement compared to previous years.
2. Return on assets (ROA):
ROA has also experienced fluctuations, with the lowest being -4.70% in 2022 and the highest at 7.85% in 2021. The latest figure of 0.23% in 2023 shows a slight increase compared to the previous year.
3. Return on total capital:
The return on total capital has varied notably, with the lowest return of -6.35% in 2022 and the highest return of 20.87% in 2020. The return has decreased to 1.12% in 2023, indicating a lower performance in utilizing total capital effectively.
4. Return on equity (ROE):
ROE has shown significant variability, ranging from -9.77% in 2022 to 23.60% in 2019. The latest figure of 0.48% in 2023 signifies a moderate improvement in return on equity compared to the past few years.
Overall, Corsair Gaming Inc's profitability ratios indicate a mixed performance in recent years, with some improvements in certain ratios but also some declines in others. It is essential for the company to continue monitoring and managing its profitability metrics to ensure sustained and improved financial performance in the future.