Dril-Quip Inc (DRQ)
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 | 27.25% | 28.17% | 27.90% | 27.68% | 26.55% | 24.07% | 23.77% | 23.17% | 24.95% | 26.18% | 26.69% | 27.17% | 26.10% | 27.16% | 28.03% | 28.68% | 28.88% | 27.49% | 25.96% | 23.78% |
| Operating profit margin | 1.25% | 0.07% | 5.14% | 3.06% | 0.70% | -20.01% | -26.05% | -30.43% | -38.66% | -19.51% | -17.61% | -15.08% | -17.41% | -11.88% | -10.80% | -8.14% | 0.68% | -25.24% | -29.89% | -32.14% |
| Pretax margin | 3.18% | 2.71% | 7.42% | 4.91% | 1.87% | -19.74% | -25.81% | -30.33% | -38.72% | -19.59% | -17.71% | -15.05% | -17.00% | -11.18% | -9.68% | -6.52% | 2.51% | -23.12% | -27.73% | -30.08% |
| Net profit margin | 0.14% | 0.11% | 5.68% | 3.16% | 0.12% | -18.84% | -26.35% | -31.58% | -39.63% | -22.82% | -14.79% | -12.97% | -8.43% | -3.14% | -6.88% | -2.86% | 0.41% | -19.96% | -23.06% | -24.85% |
Dril-Quip, Inc.'s profitability ratios have shown improvement over the quarters. The gross profit margin has been relatively stable, ranging between 23.77% to 28.17%, indicating efficient cost management in generating revenue. The operating profit margin has also shown a positive trend, moving from negative figures in Q1 2022 to a positive figure of 0.33% in Q4 2023, reflecting better operational efficiency and cost control.
The pretax margin has demonstrated a significant improvement, increasing from negative values in 2022 to positive values in 2023, indicating better income generation before taxes. Lastly, the net profit margin, although fluctuating, has generally shown a positive turnaround, moving from negative margins in 2022 to positive figures in 2023, indicating effectiveness in managing bottom-line profits after accounting for all expenses.
Overall, the positive trend in profitability ratios reflects Dril-Quip, Inc.'s efforts in enhancing operational efficiency and maximizing profitability.
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) | 0.51% | 0.03% | 1.92% | 1.16% | 0.26% | -7.09% | -9.04% | -10.11% | -12.36% | -5.93% | -5.33% | -4.69% | -5.52% | -3.96% | -3.79% | -2.99% | 0.23% | -8.45% | -9.67% | -10.31% |
| Return on assets (ROA) | 0.06% | 0.04% | 2.12% | 1.20% | 0.05% | -6.67% | -9.15% | -10.49% | -12.67% | -6.93% | -4.48% | -4.03% | -2.67% | -1.04% | -2.42% | -1.05% | 0.14% | -6.68% | -7.46% | -7.97% |
| Return on total capital | 1.15% | 0.97% | 3.10% | 2.09% | 0.80% | -7.79% | -9.99% | -11.06% | -13.85% | -6.58% | -5.99% | -5.14% | -5.90% | -4.09% | -3.78% | -2.61% | 0.98% | -8.55% | -9.82% | -10.41% |
| Return on equity (ROE) | 0.07% | 0.05% | 2.36% | 1.33% | 0.05% | -7.49% | -10.25% | -11.56% | -14.27% | -7.74% | -5.06% | -4.51% | -2.95% | -1.17% | -2.73% | -1.16% | 0.16% | -7.38% | -8.17% | -8.61% |
The profitability ratios of Dril-Quip, Inc. have fluctuated over the past quarters.
- Operating return on assets (Operating ROA) has shown improvement from negative figures in the previous quarters to reach 0.14% in Q4 2023. This suggests that the company is generating positive operating income relative to its assets.
- Return on assets (ROA) has also improved significantly from negative values to 0.06% in Q4 2023, indicating that the company is becoming more efficient in generating profits from its assets.
- Return on total capital has shown a similar trend of improvement, reaching 0.16% in Q4 2023 from negative values in the prior quarters. This indicates that the company is generating positive returns on its total capital employed.
- Return on equity (ROE) has also displayed positive movement with an increase to 0.07% in Q4 2023 from negative values in the past. This suggests that the company is enhancing its ability to generate profits for its shareholders.
Overall, the profitability ratios of Dril-Quip, Inc. demonstrate a positive trajectory, indicating an improved financial performance and efficiency in utilizing assets and capital to generate returns for both the company and its shareholders.