Corteva Inc (CTVA)
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 19.65% | 19.78% | 19.18% | 19.21% | 18.01% | 17.65% | 17.47% | 16.32% | 15.99% | 21.69% | 21.40% | 19.29% | 18.58% | 17.91% | 17.58% | 19.62% | 20.49% |
| Operating profit margin | -11.78% | -10.11% | -10.26% | -9.57% | -11.10% | -12.37% | -13.29% | -15.51% | -16.73% | -3.09% | -3.52% | -7.22% | -9.32% | -10.83% | -11.32% | -7.07% | -9.95% |
| Pretax margin | 5.15% | 5.85% | 6.05% | 8.10% | 7.77% | 10.66% | 13.35% | 13.62% | 14.58% | 12.39% | 9.38% | 6.78% | 4.22% | 4.02% | 3.37% | -4.88% | -7.26% |
| Net profit margin | 4.27% | 5.38% | 5.26% | 6.64% | 6.57% | 7.95% | 10.31% | 10.72% | 11.24% | 10.67% | 8.19% | 6.99% | 4.79% | 4.42% | 3.68% | -5.91% | -6.93% |
Corteva Inc's profitability ratios have shown some fluctuations over the past eight quarters. The gross profit margin has been fairly stable, ranging between 40.21% and 42.41%, indicating that the company has been effectively managing its cost of goods sold.
The operating profit margin has shown a slight upward trend, with Q4 2023 reaching 12.25%, compared to 10.68% in Q3 2022. This suggests that Corteva has been improving its operational efficiency and controlling its operating expenses more effectively.
The pretax margin has displayed some variability, with peaks in Q2 2022 and Q1 2022 at 13.64% and 14.01%, respectively. However, the margins in the most recent quarters have been lower, indicating that Corteva may be facing challenges in generating profits before accounting for taxes.
The net profit margin has also shown some fluctuations, with the highest margin in Q1 2022 at 10.72% and the lowest in Q4 2023 at 4.27%. While the company's profitability at the bottom line has been impacted by factors such as taxes and interest expenses, overall, Corteva has demonstrated a reasonable ability to convert its revenue into net income.
In conclusion, Corteva Inc has exhibited a mix of stable and fluctuating profitability ratios over the past eight quarters, with areas of strength in gross profit margins and improvements in operating profit margins, but with fluctuations in pretax and net profit margins. It would be important for the company to continue monitoring its cost structures and operational efficiencies to sustain profitability in the long term.
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | -4.72% | -4.07% | -4.07% | -3.73% | -4.55% | -5.21% | -5.43% | -5.85% | -6.19% | -1.16% | -1.26% | -2.45% | -3.11% | -3.63% | -3.77% | -2.37% | -3.25% |
| Return on assets (ROA) | 1.71% | 2.16% | 2.09% | 2.59% | 2.69% | 3.35% | 4.21% | 4.04% | 4.15% | 3.99% | 2.94% | 2.37% | 1.60% | 1.48% | 1.23% | -1.98% | -2.26% |
| Return on total capital | -7.39% | -6.36% | -6.29% | -6.34% | -7.32% | -8.14% | -8.22% | -9.30% | -9.88% | -1.84% | -1.97% | -4.06% | -5.10% | -6.00% | -6.19% | -4.17% | -5.64% |
| Return on equity (ROE) | 2.94% | 3.70% | 3.52% | 4.60% | 4.53% | 5.48% | 6.67% | 6.71% | 6.93% | 6.63% | 4.80% | 4.11% | 2.74% | 2.57% | 2.10% | -3.57% | -3.95% |
Corteva Inc's profitability ratios show fluctuations over the past eight quarters. The Operating return on assets (Operating ROA) has been relatively stable, ranging between 4.26% and 4.91%. This indicates the company's ability to generate profit from its assets before interest and taxes, with a slight increase from Q1 2022 to Q4 2023.
The Return on assets (ROA) has shown more variability, with a peak of 4.04% in Q1 2022 and a low of 1.71% in Q4 2023. This ratio reflects the company's overall efficiency in generating profits from its total assets.
Return on total capital has also fluctuated, ranging from 5.28% to 7.70%. This ratio signifies the company's ability to generate profit from both equity and debt capital employed in its operations.
Return on equity (ROE) has shown a similar trend to ROA, peaking at 6.71% in Q1 2022 and dropping to 2.94% in Q4 2023. ROE measures the company's ability to generate profits from shareholders' equity.
Overall, while Corteva Inc has shown some fluctuations in its profitability ratios, it's important to assess these metrics in conjunction with other financial indicators to gain a comprehensive understanding of the company's financial performance and sustainability.