Devon Energy Corporation (DVN)
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 | 97.06% | 97.11% | 97.41% | 97.71% | 97.77% | 97.70% | 97.37% | 96.61% | 92.11% | 89.51% | 85.28% | 79.65% | 22.60% | 30.02% | 28.25% | 33.34% | 67.43% | 77.36% | 91.79% | 87.87% |
| Operating profit margin | 94.21% | 94.63% | 95.15% | 95.62% | 95.81% | 95.53% | 94.89% | 93.96% | 87.58% | 83.17% | 75.62% | 64.50% | -46.56% | -31.89% | -25.95% | -10.83% | 59.41% | 74.53% | 88.57% | 80.24% |
| Pretax margin | 30.07% | 30.61% | 35.94% | 40.21% | 40.45% | 41.05% | 37.02% | 29.85% | 23.58% | 11.76% | -0.84% | -21.48% | -66.84% | -73.25% | -58.77% | -30.19% | -6.19% | 22.42% | 48.07% | 36.80% |
| Net profit margin | 24.56% | 24.63% | 28.10% | 31.39% | 31.38% | 33.01% | 30.65% | 25.69% | 23.05% | 13.08% | 4.04% | -13.59% | -55.51% | -62.68% | -51.91% | -25.65% | -5.71% | 17.60% | 46.06% | 35.43% |
Devon Energy Corp. has consistently maintained a high gross profit margin of 100% across all quarters, indicating efficient cost management and pricing strategies. The company's operating profit margin has shown variation, with Q1 2023 recording the lowest at 30.52% and the highest in Q2 2023 at 37.06%. This suggests fluctuations in operating expenses and revenues during the analyzed period.
The pretax margin reflects the company's ability to control costs and generate operational profits before accounting for taxes. Devon Energy Corp.'s pretax margin ranged from 29.41% in Q1 2022 to 40.56% in Q4 2022. This demonstrates the company's ability to generate income before tax obligations consistently over the quarters.
Net profit margin, a key indicator of overall profitability, shows how much of the revenue translates into net income. Devon Energy Corp. has maintained a healthy net profit margin, ranging from 24.51% in Q3 2023 to 32.17% in Q3 2022. This indicates the company's sustained ability to translate a significant portion of its revenue into net profits after considering all expenses.
Overall, Devon Energy Corp. exhibits strong profitability ratios, with consistent gross profit margins, varying operating profit margins, and stable pretax and net profit margins. This signifies the company's efficiency in managing costs, generating profits, and maximizing returns for its shareholders.
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) | 58.70% | 60.17% | 69.29% | 78.30% | 77.42% | 77.63% | 70.28% | 60.27% | 50.84% | 36.39% | 25.68% | 15.10% | -22.68% | -15.86% | -14.57% | -7.03% | 26.94% | 42.25% | 44.63% | 36.89% |
| Return on assets (ROA) | 15.30% | 15.66% | 20.46% | 25.71% | 25.36% | 26.83% | 22.70% | 16.48% | 13.38% | 5.72% | 1.37% | -3.18% | -27.04% | -31.18% | -29.15% | -16.64% | -2.59% | 9.98% | 23.21% | 16.29% |
| Return on total capital | 28.04% | 29.47% | 37.80% | 47.20% | 46.87% | 48.27% | 40.72% | 28.88% | 20.81% | 9.43% | 1.92% | -4.67% | -41.17% | -47.83% | -41.91% | -23.34% | -1.06% | 19.58% | 38.48% | 24.94% |
| Return on equity (ROE) | 31.07% | 32.61% | 43.36% | 54.85% | 53.86% | 58.13% | 52.18% | 38.59% | 30.37% | 13.50% | 3.27% | -7.79% | -92.89% | -106.52% | -93.55% | -47.31% | -6.12% | 21.95% | 55.25% | 37.47% |
Devon Energy Corp.'s profitability ratios demonstrate a positive trend in generating returns on its assets and capital over the quarters. The Operating return on assets (Operating ROA) has been consistently strong, ranging from 20.05% to 33.89% in the most recent quarter. This indicates the company's efficiency in generating operating profits relative to its total assets.
Similarly, the Return on assets (ROA) has also shown favorable performance, with values ranging from 15.30% to 25.50% over the quarters. This ratio reflects Devon Energy Corp.'s ability to generate profits from its total assets, including both operating and non-operating activities.
The Return on total capital has demonstrated a steady increase, ranging from 26.54% to 44.97%, showcasing the company's ability to generate returns for both debt and equity holders, taking into account the total invested capital.
Furthermore, the Return on equity (ROE) has been impressive, with values ranging from 31.07% to 54.40% over the quarters. This metric highlights Devon Energy Corp.'s ability to generate profits for its shareholders relative to their equity investments.
Overall, Devon Energy Corp. has exhibited strong profitability ratios, indicating robust financial performance and effective utilization of its assets and capital to generate returns for its stakeholders.
See also:
Devon Energy Corporation Profitability Ratios (Quarterly Data)