Globus Medical (GMED)
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 | 65.05% | 71.19% | 74.17% | 74.24% | 74.22% | 74.47% | 74.54% | 74.68% | 75.03% | 74.69% | 74.48% | 72.92% | 72.44% | 73.23% | 74.09% | 76.42% | 77.08% | 76.98% | 77.16% | 77.37% |
| Operating profit margin | 8.49% | 14.44% | 21.55% | 22.26% | 22.29% | 19.24% | 19.07% | 17.04% | 17.95% | 22.55% | 22.52% | 16.65% | 14.12% | 13.41% | 12.70% | 20.60% | 21.90% | 15.85% | 15.92% | 16.29% |
| Pretax margin | 10.54% | 16.51% | 23.83% | 24.07% | 23.76% | 20.11% | 19.89% | 17.90% | 18.83% | 23.66% | 23.87% | 18.24% | 15.96% | 15.40% | 14.95% | 22.80% | 24.19% | 22.38% | 22.63% | 23.74% |
| Net profit margin | 7.83% | 12.87% | 18.63% | 18.82% | 18.59% | 15.55% | 15.91% | 14.77% | 15.57% | 19.87% | 19.83% | 14.73% | 12.96% | 12.36% | 11.90% | 18.66% | 19.76% | 19.03% | 19.30% | 20.81% |
Globus Medical Inc's profitability ratios have shown consistency over the quarters, with some fluctuations in the margins. The gross profit margin has been robust, averaging around 74%, indicating efficient cost management in production. Operating profit margin has ranged from mid to high teens, with Q2 and Q3 of 2023 recording the highest margins, reflecting effective operational efficiency.
Pretax margin has also been strong, demonstrating the company's ability to generate profits before taxes. The net profit margin, which represents the company's bottom line profitability, has shown steady growth over the quarters, varying between 14.77% and 18.82%. This suggests effective management of expenses and increasing profitability over time.
Overall, Globus Medical Inc has exhibited healthy profitability ratios, showcasing consistent performance and efficient cost management practices. It is important for the company to continue monitoring and improving these ratios to sustain and enhance profitability over 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 2.62% | 3.31% | 10.68% | 11.07% | 10.98% | 9.72% | 9.70% | 8.20% | 8.79% | 11.11% | 11.42% | 7.91% | 6.63% | 6.67% | 6.48% | 11.04% | 11.23% | 8.40% | 8.50% | 8.80% |
| Return on assets (ROA) | 2.42% | 2.95% | 9.24% | 9.36% | 9.16% | 7.85% | 8.09% | 7.10% | 7.62% | 9.79% | 10.06% | 7.00% | 6.09% | 6.15% | 6.07% | 10.00% | 10.13% | 10.08% | 10.31% | 11.24% |
| Return on total capital | 3.02% | 3.85% | 11.91% | 12.42% | 12.35% | 10.89% | 10.93% | 9.18% | 9.87% | 12.35% | 12.75% | 8.80% | 7.40% | 7.26% | 7.10% | 11.98% | 12.26% | 13.28% | 13.52% | 14.01% |
| Return on equity (ROE) | 3.07% | 3.77% | 10.29% | 10.51% | 10.30% | 8.80% | 9.12% | 7.95% | 8.57% | 10.89% | 11.23% | 7.78% | 6.79% | 6.69% | 6.65% | 10.85% | 11.07% | 10.94% | 11.13% | 12.14% |
Globus Medical Inc's profitability ratios have shown consistent and solid performance over the past eight quarters.
1. Operating return on assets (Operating ROA) has ranged from 3.97% to 11.41%, indicating the company's ability to generate operating profit relative to its total assets. The fluctuation in this ratio suggests variations in operating efficiency and asset utilization over time.
2. Return on assets (ROA) has ranged from 2.42% to 9.36%, demonstrating the company's ability to generate profit from its assets. This ratio indicates that management is effectively utilizing the company's assets to generate earnings.
3. Return on total capital has ranged from 4.57% to 12.81%, reflecting the company's ability to generate profit from both debt and equity capital employed in the business. This ratio shows a consistent and healthy return on the company's total invested capital.
4. Return on equity (ROE) has ranged from 3.07% to 10.51%, representing the company's ability to generate profit for its shareholders from the equity invested in the business. This ratio indicates that the company is effectively generating returns for its equity investors.
Overall, the profitability ratios of Globus Medical Inc demonstrate consistent and positive performance, indicating efficient management of assets and capital to generate profits for investors.