Cirrus Logic Inc (CRUS)
Profitability ratios
Return on sales
| Mar 31, 2024 | Dec 31, 2023 | Sep 23, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 51.23% | 50.85% | 50.49% | 50.20% | 50.46% | 51.09% | 51.81% | 51.97% | 51.83% | 51.32% | 50.93% | 51.30% | 51.69% | 52.09% | 52.40% | 52.87% | 52.66% | 52.56% | 51.91% | 50.96% |
| Operating profit margin | 19.21% | 12.76% | 11.48% | 11.68% | 13.13% | 20.83% | 21.42% | 21.15% | 20.56% | 17.87% | 17.65% | 16.93% | 17.33% | 16.43% | 13.31% | 14.64% | 13.55% | 13.74% | 11.94% | 9.51% |
| Pretax margin | 20.36% | 13.73% | 12.16% | 12.22% | 13.43% | 20.91% | 21.54% | 21.29% | 20.69% | 18.22% | 18.09% | 17.43% | 17.92% | 16.96% | 13.96% | 15.22% | 14.16% | 14.35% | 11.41% | 8.93% |
| Net profit margin | 15.36% | 9.84% | 8.00% | 8.38% | 9.32% | 16.22% | 17.79% | 18.38% | 18.31% | 16.11% | 15.90% | 15.42% | 15.88% | 14.93% | 12.58% | 13.47% | 12.46% | 12.53% | 9.82% | 8.46% |
Cirrus Logic Inc's profitability ratios have exhibited some fluctuations over the past few quarters. The gross profit margin has generally been within the range of 50-52%, indicating consistent management of direct production costs.
The operating profit margin has varied more significantly, with a notable increase in the most recent quarter, suggesting improved efficiency in managing operating expenses. The pretax margin and net profit margin have followed a similar trend, showing gains in the latest quarter after some fluctuations in the preceding periods.
Overall, Cirrus Logic Inc has demonstrated a stable gross profit margin and improving operating efficiency, leading to stronger pretax and net profit margins in the most recent quarter. This indicates potential improvements in profitability and operational performance for the company.
Return on investment
| Mar 31, 2024 | Dec 31, 2023 | Sep 23, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 15.39% | 10.29% | 9.60% | 10.33% | 12.07% | 19.38% | 19.52% | 19.07% | 17.25% | 13.69% | 12.07% | 13.10% | 12.96% | 12.19% | 9.74% | 11.44% | 10.89% | 10.36% | 8.98% | 7.56% |
| Return on assets (ROA) | 12.30% | 7.94% | 6.69% | 7.42% | 8.56% | 15.09% | 16.22% | 16.57% | 15.37% | 12.34% | 10.87% | 11.93% | 11.87% | 11.08% | 9.20% | 10.53% | 10.01% | 9.44% | 7.38% | 6.73% |
| Return on total capital | 18.90% | 12.68% | 11.83% | 12.83% | 15.02% | 24.46% | 25.54% | 25.11% | 22.90% | 18.12% | 18.30% | 16.89% | 17.08% | 15.89% | 12.57% | 14.78% | 14.11% | 13.54% | 12.06% | 9.94% |
| Return on equity (ROE) | 15.11% | 9.78% | 8.24% | 9.21% | 10.66% | 19.04% | 21.21% | 21.81% | 20.40% | 16.33% | 16.48% | 15.38% | 15.65% | 14.44% | 11.87% | 13.60% | 12.97% | 12.34% | 9.92% | 8.85% |
Cirrus Logic Inc has shown a generally positive trend in profitability ratios over the past few quarters. The operating return on assets (Operating ROA) has improved steadily from 7.56% in Q3 2019 to 15.39% in Q1 2024, indicating the company's ability to generate operating profits from its asset base.
Similarly, the return on assets (ROA) has shown an upward trajectory, increasing from 6.73% in Q3 2019 to 12.30% in Q1 2024. This indicates that Cirrus Logic Inc has become more efficient in generating profits from its total assets over time.
The return on total capital has also shown consistent improvement, climbing from 9.94% in Q3 2019 to 18.90% in Q1 2024. This ratio reflects the company's ability to generate returns for both equity and debt holders.
Lastly, the return on equity (ROE) has exhibited a positive trend, rising from 8.85% in Q3 2019 to 15.11% in Q1 2024. This indicates that Cirrus Logic Inc has been effectively utilizing shareholder equity to generate profits.
Overall, Cirrus Logic Inc's profitability ratios have shown improvement over the analyzed period, reflecting positively on the company's operational efficiency and ability to generate returns for its shareholders.