Grocery Outlet Holding Corp (GO)
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 31.40% | 31.44% | 31.22% | 30.89% | 30.69% | 30.84% | 30.91% | 30.77% | 30.94% | 30.77% | 30.87% | 31.12% | 31.24% | 31.32% | 31.28% |
| Operating profit margin | 3.18% | 3.36% | 3.10% | 2.93% | 2.67% | 2.53% | 2.69% | 2.69% | 2.91% | 3.28% | 3.43% | 3.68% | 3.45% | 3.25% | 3.16% |
| Pretax margin | 2.63% | 2.70% | 2.40% | 2.21% | 2.13% | 2.02% | 2.18% | 2.33% | 2.53% | 2.90% | 3.01% | 3.09% | 2.80% | 2.49% | 2.26% |
| Net profit margin | 2.01% | 2.09% | 1.88% | 1.82% | 1.83% | 1.63% | 1.70% | 1.75% | 2.03% | 2.59% | 3.35% | 3.63% | 3.42% | 3.11% | 2.25% |
The profitability ratios of Grocery Outlet Holding Corp for the period displayed exhibit fluctuations and trends worth noting.
1. Gross Profit Margin: The gross profit margin has remained relatively stable, hovering around the 30-31% range over the past several quarters. This indicates that the company is effectively managing its production costs and pricing strategies.
2. Operating Profit Margin: The operating profit margin has shown some variability, with a slight upward trend observed in the more recent quarters. This suggests that the company has been able to control its operating expenses more efficiently, leading to improved profitability from its core business operations.
3. Pretax Margin: The pretax margin has demonstrated fluctuations throughout the period, with a general trend of increase followed by a slight decline in the most recent quarters. This indicates that while the company has been successful in generating income before taxes, there may be potential areas for improvement in managing tax liabilities or other non-operating expenses.
4. Net Profit Margin: The net profit margin has shown significant fluctuations, with a notable decrease in the middle quarters of the period followed by an increase towards the end. This suggests that while the company has faced challenges impacting its bottom line, it has also been able to recover and improve its profitability over time.
Overall, the analysis of these profitability ratios indicates a mix of steady performance and areas for potential optimization within Grocery Outlet Holding Corp's operations and financial management strategies.
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 4.24% | 4.47% | 4.18% | 3.91% | 3.43% | 3.14% | 3.26% | 3.13% | 3.34% | 3.88% | 4.12% | 4.58% | 4.32% | 4.03% | 3.88% |
| Return on assets (ROA) | 2.68% | 2.77% | 2.54% | 2.43% | 2.35% | 2.03% | 2.06% | 2.03% | 2.33% | 3.05% | 4.02% | 4.52% | 4.29% | 3.85% | 2.76% |
| Return on total capital | 8.35% | 10.87% | 10.13% | 9.61% | 6.38% | 7.97% | 8.32% | 8.27% | 8.83% | 10.21% | 10.85% | 12.06% | 11.64% | 10.86% | 10.82% |
| Return on equity (ROE) | 6.51% | 6.75% | 6.14% | 5.96% | 5.86% | 5.14% | 5.25% | 5.37% | 6.17% | 8.04% | 10.60% | 11.91% | 11.57% | 10.38% | 7.71% |
The profitability ratios of Grocery Outlet Holding Corp show varying performance levels over the past several quarters.
1. Operating return on assets (Operating ROA) has been relatively stable, ranging between 3.13% to 4.47% over the observed period. This indicates that the company is generating operating profits efficiently relative to its total assets.
2. Return on assets (ROA) has also shown consistency, with values hovering between 2.03% to 4.58%. Although there is a slight fluctuation, the company is maintaining profitability relative to its total assets.
3. Return on total capital has demonstrated a wider range of fluctuations, from 6.38% to 12.06%. This ratio reflects the company's ability to generate returns for both equity and debt holders, with higher values indicating successful capital deployment.
4. Return on equity (ROE) has shown a similar pattern to ROA, ranging from 5.14% to 11.91%. ROE reflects how effectively the company is using equity to generate profits for shareholders, and the values suggest reasonable returns on equity investments.
Overall, Grocery Outlet Holding Corp's profitability ratios indicate stable performance in utilizing assets, capital, and equity to generate profits over the analyzed quarters.