Hanesbrands Inc (HBI)
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 | 33.64% | 32.77% | 33.44% | 34.51% | 35.63% | 36.65% | 38.06% | 38.33% | 39.01% | 30.94% | 28.95% | 26.52% | 24.47% | 33.43% | 35.31% | 37.61% | 39.03% | 38.90% | 38.93% | 38.94% |
| Operating profit margin | 5.12% | 4.35% | 5.50% | 6.72% | 8.33% | 9.44% | 10.68% | 11.33% | 11.74% | 3.65% | 2.96% | 2.74% | 0.65% | 10.32% | 11.40% | 11.77% | 12.77% | 12.75% | 12.62% | 12.56% |
| Pretax margin | -0.45% | -0.64% | 1.26% | 3.29% | 5.72% | 6.37% | 7.32% | 7.69% | 2.02% | -6.13% | -6.72% | -6.33% | -2.83% | 7.48% | 8.76% | 8.64% | 9.76% | 9.66% | 9.40% | 9.31% |
| Net profit margin | -0.31% | -8.84% | -6.61% | -4.64% | -2.04% | 5.39% | 6.37% | 6.68% | 1.14% | -4.68% | -5.38% | -4.91% | -1.15% | 6.68% | 7.85% | 7.65% | 8.62% | 8.10% | 7.92% | 7.83% |
Hanesbrands Inc's profitability ratios have exhibited fluctuations over the past few quarters. The gross profit margin has shown a declining trend, decreasing from 39.01% in Dec 2021 to 33.64% in Dec 2023, indicating a decrease in profitability from sales.
The operating profit margin has also experienced a downward trajectory, dropping from 12.77% in Mar 2019 to 5.12% in Dec 2023. This suggests that the company's ability to generate profits from its core operations has weakened over time.
The pretax margin has been inconsistent, moving from negative figures to positive figures. However, it has generally decreased from 9.76% in Mar 2019 to -0.45% in Dec 2023. This implies that the company's profitability before considering taxes and other expenses has been under pressure recently.
Similarly, the net profit margin has shown volatility, ranging from negative to positive values. It has also declined from 8.62% in Mar 2019 to -0.31% in Dec 2023, indicating that the company's bottom line profitability has been impacted negatively.
In conclusion, Hanesbrands Inc has faced challenges in maintaining its profitability, as evidenced by the declining trends in its gross profit margin, operating profit margin, pretax margin, and net profit margin over the analyzed periods.
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) | 5.12% | 4.28% | 5.23% | 6.32% | 7.99% | 8.66% | 9.99% | 11.34% | 11.28% | 3.29% | 2.75% | 2.64% | 0.55% | 8.36% | 9.36% | 9.89% | 12.10% | 11.53% | 11.21% | 11.11% |
| Return on assets (ROA) | -0.31% | -8.69% | -6.29% | -4.36% | -1.96% | 4.94% | 5.96% | 6.69% | 1.09% | -4.22% | -4.99% | -4.74% | -0.98% | 5.41% | 6.44% | 6.42% | 8.17% | 7.32% | 7.03% | 6.93% |
| Return on total capital | 7.90% | 7.06% | 8.53% | 10.34% | 12.96% | 14.20% | 16.32% | 18.96% | 19.80% | 5.76% | 4.75% | 4.47% | 0.94% | 13.33% | 15.02% | 15.42% | 19.80% | 19.42% | 18.73% | 19.11% |
| Return on equity (ROE) | -4.23% | -187.48% | -113.48% | -82.56% | -31.94% | 52.00% | 59.34% | 58.91% | 10.99% | -49.48% | -64.65% | -68.31% | -9.29% | 38.41% | 48.49% | 58.58% | 48.58% | 50.60% | 53.78% | 58.09% |
Over the past few quarters, Hanesbrands Inc has shown mixed results in terms of profitability ratios.
1. Operating return on assets (Operating ROA) has displayed a slight decline from 11.34% in Mar 31, 2022, to 5.12% in Dec 31, 2023, indicating a decrease in the efficiency of the company's asset utilization in generating operating profit.
2. Return on assets (ROA) has been inconsistent, with negative figures reported in some quarters. However, there was a notable positive trend from Dec 31, 2020, to Mar 31, 2022, with ROA ranging from 5.41% to 6.69%.
3. Return on total capital has also fluctuated, but there was a general upward trend until Dec 31, 2021, followed by a decrease in subsequent quarters. The ratio stood at 7.90% in Dec 31, 2023, showing a decline from the previous quarters.
4. Return on equity (ROE) has been volatile, with drastic fluctuations, including negative figures and high positive values. There was a significant improvement from Dec 31, 2020, to Jun 30, 2021, but a decline in profitability was observed in the later quarters.
In conclusion, Hanesbrands Inc's profitability ratios suggest varying levels of operational efficiency, asset management, and capital utilization over the analyzed periods. The company may need to focus on improving its ROA and ROE to enhance overall profitability and shareholder value.