Enphase Energy Inc (ENPH)
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 | 46.20% | 45.06% | 43.92% | 42.97% | 41.81% | 40.97% | 40.31% | 39.99% | 40.12% | 41.57% | 44.07% | 44.59% | 44.68% | 41.96% | 37.67% | 36.81% | 35.44% | 33.86% | 32.65% | 31.61% |
| Operating profit margin | 19.46% | 22.59% | 22.54% | 21.18% | 19.23% | 17.29% | 14.46% | 14.21% | 15.62% | 19.22% | 23.72% | 23.33% | 24.07% | 21.09% | 18.54% | 19.23% | 16.45% | 12.49% | 7.22% | 3.24% |
| Pretax margin | 22.40% | 24.66% | 23.81% | 21.93% | 19.39% | 16.56% | 13.01% | 11.83% | 8.75% | 11.48% | 15.16% | 6.97% | 15.42% | 12.85% | 10.96% | 19.74% | 14.43% | 9.27% | 3.06% | -0.64% |
| Net profit margin | 19.16% | 21.08% | 20.48% | 18.83% | 17.05% | 14.67% | 11.71% | 10.88% | 10.52% | 13.44% | 17.28% | 11.11% | 17.30% | 24.69% | 23.49% | 31.15% | 25.81% | 8.92% | 2.63% | -1.08% |
Enphase Energy Inc has shown a consistent improvement in its profitability ratios over the past quarters. The gross profit margin has been increasing steadily, indicating efficient cost management and pricing strategies. Operating profit margin has also shown a positive trend, reflecting the company's ability to generate profits from its core business activities.
The pretax margin and net profit margin have both been on an upward trajectory, demonstrating Enphase Energy's strong financial performance and effective utilization of its resources to generate profits. The company has been able to increase its profitability over time, which is a positive sign for investors and stakeholders.
Overall, the improving profitability ratios suggest that Enphase Energy Inc is effectively managing its operations and finances, resulting in a healthy bottom line and sustainable growth potential. It indicates that the company is on a path of profitability and financial stability.
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) | 13.18% | 17.25% | 18.19% | 16.39% | 14.53% | 12.94% | 10.30% | 9.56% | 10.38% | 10.64% | 11.98% | 9.26% | 15.54% | 13.89% | 13.40% | 13.61% | 14.40% | 12.09% | 6.07% | 3.51% |
| Return on assets (ROA) | 12.97% | 16.09% | 16.52% | 14.56% | 12.88% | 10.98% | 8.34% | 7.32% | 7.00% | 7.44% | 8.73% | 4.41% | 11.17% | 16.27% | 16.98% | 22.05% | 22.59% | 8.63% | 2.21% | -1.17% |
| Return on total capital | 22.92% | 30.65% | 31.05% | 26.83% | 22.79% | 19.58% | 15.53% | 14.44% | 12.02% | 11.34% | 12.73% | 5.20% | 28.72% | 16.34% | 14.87% | 25.05% | 26.62% | 22.69% | 10.76% | 12.37% |
| Return on equity (ROE) | 44.62% | 56.35% | 58.88% | 50.76% | 48.13% | 48.55% | 45.05% | 50.02% | 33.81% | 25.60% | 31.38% | 13.20% | 27.69% | 42.69% | 45.76% | 71.89% | 59.20% | 29.67% | 9.06% | -26.44% |
Enphase Energy Inc's profitability ratios demonstrate a positive trend, indicating the company's ability to generate earnings from its operations and effectively utilize its assets.
The Operating return on assets (Operating ROA) has been consistently increasing over the quarters, reaching 13.64% in Q4 2023. This metric reveals that Enphase Energy is efficiently generating profits from its operating activities.
Return on assets (ROA) also exhibits a similar upward trajectory, reflecting an improvement in the company's ability to generate returns from its total assets. In Q4 2023, the ROA stood at 12.97%, showcasing the company's profitability relative to its asset base.
Return on total capital and Return on equity (ROE) have also shown an upward trend, indicating Enphase Energy's effectiveness in generating returns for both debt and equity providers. The ROE has been particularly impressive, exceeding 40% in all quarters of 2023, indicating robust profitability relative to shareholders' equity.
Overall, Enphase Energy's profitability ratios suggest solid financial performance and efficient management of resources, which is crucial for sustaining growth and creating value for its stakeholders.