Griffon Corporation (GFF)
Profitability ratios
Return on sales
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | 39.70% | 39.65% | 40.46% | 36.89% | 36.54% | 35.72% | 34.16% | 35.63% | 33.94% | 34.66% | 31.94% | 29.43% | 29.04% | 26.29% | 26.67% | 27.12% | 27.28% | 27.62% | 27.72% | 27.02% |
| Operating profit margin | 15.50% | 14.48% | 14.91% | 7.74% | 7.58% | -11.85% | -11.47% | -5.19% | -6.85% | 11.39% | 9.29% | 7.17% | 7.73% | 6.72% | 7.14% | 6.61% | 5.94% | 5.57% | 5.03% | 5.07% |
| Pretax margin | 11.55% | 10.53% | 11.16% | 4.06% | 4.34% | -14.95% | -11.42% | -4.72% | -6.33% | 12.38% | 7.16% | 4.77% | 5.38% | 4.91% | 5.18% | 4.29% | 3.38% | 3.38% | 2.80% | 2.78% |
| Net profit margin | 8.17% | 7.49% | 7.77% | 2.76% | 2.99% | -14.29% | -10.56% | -5.75% | -6.94% | 9.92% | 5.06% | 3.16% | 3.59% | 3.32% | 3.55% | 2.99% | 2.27% | 2.18% | 1.87% | 1.78% |
Griffon Corporation's profitability ratios have shown varying trends over the past few periods. The gross profit margin for the company has been relatively stable, ranging between 33.94% to 40.46%, indicating consistent management of production costs and pricing strategies.
However, the operating profit margin has fluctuated more significantly, with a range from -11.85% to 15.50%. This indicates fluctuations in operating expenses and potentially challenges in maintaining profitability at the operational level.
The pretax margin has also shown variability, ranging from -14.95% to 12.38%. This suggests fluctuations in non-operating expenses or income, impacting the company's overall profitability before taxes.
Similarly, the net profit margin has shown fluctuations between -14.29% and 8.17%, reflecting the company's ability to manage its bottom line after all expenses, including taxes and interest payments.
Overall, while the gross profit margin indicates a relatively stable performance in managing production costs, the fluctuating trends in operating profit, pretax, and net profit margins suggest challenges in consistently maintaining profitability at the operating and net levels. Further analysis of cost control measures and revenue growth strategies may be necessary for Griffon Corporation to enhance its overall profitability ratios.
Return on investment
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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) | 16.80% | 15.39% | 15.63% | 8.34% | 8.14% | -12.29% | -11.84% | -5.27% | -6.71% | 7.90% | 5.70% | 6.07% | 6.55% | 6.61% | 7.05% | 6.43% | 5.70% | 5.46% | 4.79% | 4.93% |
| Return on assets (ROA) | 8.85% | 7.96% | 8.15% | 2.97% | 3.21% | -14.82% | -10.91% | -5.84% | -6.80% | 6.88% | 3.10% | 2.67% | 3.04% | 3.27% | 3.51% | 2.91% | 2.18% | 2.14% | 1.78% | 1.73% |
| Return on total capital | 23.05% | 21.60% | 21.74% | 12.06% | 12.06% | -16.04% | -11.07% | -1.96% | -4.43% | 15.24% | 8.32% | 9.04% | 9.89% | 10.25% | 10.73% | 9.55% | 8.40% | 8.78% | 7.64% | 7.91% |
| Return on equity (ROE) | 93.33% | 84.73% | 97.68% | 24.94% | 24.62% | -113.55% | -61.95% | -30.78% | -40.11% | 26.61% | 13.31% | 8.49% | 9.81% | 10.62% | 11.58% | 9.77% | 7.63% | 9.72% | 8.65% | 7.91% |
Griffon Corporation's profitability ratios have shown varying trends over the different periods analyzed.
1. Operating return on assets (Operating ROA) has generally been positive, with a noticeable improvement from the negative values in the earlier periods. This ratio indicates that the company is generating a reasonable return on its assets from operations.
2. Return on assets (ROA) has also shown a similar pattern to the Operating ROA, with improvements over time. This ratio reflects the company's profitability from its total assets, including non-operating activities.
3. Return on total capital has exhibited a positive trend, indicating that the company is efficiently utilizing its total capital to generate returns for its shareholders and investors.
4. Return on equity (ROE) has fluctuated significantly, indicating the impact of leverage and financial structure on the company's profitability. The positive values show that the company is generating profit for its shareholders, although the fluctuation suggests varying levels of efficiency in utilizing equity to generate returns.
Overall, Griffon Corporation has shown improvements in profitability ratios over the analyzed periods, indicating better utilization of assets and capital to generate returns. Further analysis of the company's financial performance and strategic decisions would be necessary to fully understand the factors driving these profitability trends.