Corsair Gaming Inc (CRSR)
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 24.68% | 24.66% | 24.29% | 21.60% | 21.57% | 21.56% | 22.37% | 25.31% | 26.99% | 27.99% | 28.40% |
| Operating profit margin | 0.66% | 0.78% | 0.07% | -3.80% | -3.98% | -2.91% | -1.38% | 3.88% | 7.24% | 8.80% | 10.45% |
| Pretax margin | -0.34% | -0.31% | -0.98% | -4.67% | -4.67% | -3.36% | -2.26% | 2.89% | 6.02% | 7.38% | 8.99% |
| Net profit margin | -0.18% | -0.20% | -0.43% | -3.97% | -3.96% | -2.45% | -1.81% | 2.93% | 5.30% | 6.12% | 7.63% |
Corsair Gaming Inc's profitability ratios exhibit volatility over the quarters analyzed. The gross profit margin remained relatively stable around the mid-20% range, indicating consistent control over production costs. However, the operating profit margin fluctuated with Q4 2023 showing a slight improvement compared to the previous quarters. The company's ability to control operating expenses has varied, impacting its overall profitability.
The pretax margin also fluctuated with negative margins in several quarters, indicating challenges with non-operating expenses or additional costs. This trend is mirrored in the net profit margin, which showed a notable improvement in Q4 2023, albeit with considerable variability in profitability performance across the quarters.
Overall, the company's profitability ratios suggest a need for improved cost management and operational efficiency to stabilize margins and enhance overall profitability in the future. Further analysis of the factors influencing the fluctuations in margins across quarters would be essential to develop strategies for sustainable profitability 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 0.71% | 0.84% | 0.07% | -3.95% | -4.22% | -3.66% | -1.75% | 5.16% | 10.31% | 12.79% | 15.28% |
| Return on assets (ROA) | -0.19% | -0.21% | -0.45% | -4.13% | -4.19% | -3.07% | -2.30% | 3.89% | 7.55% | 8.89% | 11.16% |
| Return on total capital | 1.14% | 1.30% | 0.11% | -6.01% | -6.40% | -5.73% | -2.82% | 8.29% | 17.00% | 21.98% | 26.34% |
| Return on equity (ROE) | -0.39% | -0.44% | -0.92% | -8.45% | -8.72% | -7.05% | -5.41% | 8.85% | 17.77% | 22.21% | 29.05% |
Corsair Gaming Inc's profitability ratios show varying performance over the quarters analyzed.
1. Operating return on assets (Operating ROA) fluctuated between 0.71% in Q4 2023 to -3.95% in Q1 2023. These figures indicate that the company's ability to generate profits from its assets improved in Q4 2023 but declined in the earlier quarters.
2. Return on assets (ROA) also displayed variability, ranging from 0.23% in Q4 2023 to -4.70% in Q4 2022. This ratio reflects the overall profit generated relative to the total assets. The positive figures in Q3-Q4 2023 show an improvement in profitability compared to the negative returns in previous quarters.
3. Return on total capital similarly exhibited fluctuations, with values ranging from 1.12% in Q4 2023 to -6.35% in Q4 2022. This ratio evaluates the returns generated for both the equity and debt capital invested in the company. The positive returns in Q4 2023 indicate enhanced performance in utilizing overall capital resources.
4. Return on equity (ROE) witnessed variations from 0.48% in Q4 2023 to -9.77% in Q4 2022. ROE measures the profitability generated for the shareholders' equity investment in the company. The positive ROE in Q4 2023 suggests improved profitability for equity investors compared to previous quarters.
Overall, the analysis demonstrates that Corsair Gaming Inc's profitability improved in the more recent quarters, indicating better utilization of assets, capital, and equity to generate returns for investors. However, the company experienced challenges in earlier periods, reflected in negative profitability ratios.