Harmonic Inc (HLIT)
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 | 51.95% | 52.95% | 53.30% | 52.82% | 51.18% | 50.36% | 50.89% | 51.10% | 51.86% | 53.86% | 53.80% | 53.60% | 53.55% | 51.15% | 56.18% | 56.06% | 57.34% | 58.26% | 52.86% | 52.88% |
| Operating profit margin | 3.69% | 4.86% | 7.84% | 8.65% | 7.38% | 7.22% | 6.56% | 4.70% | 3.76% | 4.34% | 3.06% | 0.44% | -3.42% | -6.22% | 0.44% | 0.89% | 3.36% | 3.60% | -3.37% | -1.06% |
| Pretax margin | 3.18% | 4.30% | 7.13% | 8.54% | 7.21% | 6.80% | 5.86% | 2.89% | 1.77% | 2.09% | 0.63% | -2.62% | -7.20% | -9.87% | -5.01% | -4.17% | -1.70% | -1.56% | -6.76% | -4.14% |
| Net profit margin | 13.96% | 1.05% | 3.44% | 5.56% | 4.57% | 6.85% | 5.97% | 3.33% | 2.65% | 1.46% | -0.01% | -3.38% | -8.04% | -10.27% | -5.34% | -4.26% | -1.52% | -2.15% | -7.43% | -4.84% |
Harmonic, Inc.'s profitability ratios indicate fluctuations in its ability to generate profits over the quarters. The gross profit margin has generally shown a positive trend, hovering around 50-52%, suggesting efficient cost management in production.
However, there are notable variations in operating profit margins, ranging from a low of 3.78% in Q4 2023 to a high of 8.88% in Q1 2023. This could signify inconsistencies in controlling operating expenses and achieving operational efficiency.
Similarly, the pretax margin has been erratic, with significant fluctuations from Q1 2023 to Q3 2022. This may indicate challenges in managing taxation liabilities and other non-operational expenses.
Notably, the net profit margin exhibits substantial volatility, with a significant spike to 13.82% in Q4 2023 compared to the minimal 1.04% in Q3 2023. This suggests variability in managing interest expenses, taxes, and other factors affecting bottom-line profitability.
Overall, while Harmonic, Inc. has demonstrated relatively stable gross profit margins, the fluctuations in operating, pretax, and net profit margins indicate potential areas for improvement in cost control, operational efficiency, and overall profitability management.
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) | 2.89% | 4.31% | 7.10% | 7.70% | 6.41% | 6.33% | 5.46% | 3.60% | 2.71% | 3.17% | 2.06% | 0.29% | -2.10% | -4.03% | 0.30% | 0.60% | 2.23% | 2.41% | -2.37% | -0.80% |
| Return on assets (ROA) | 10.93% | 0.93% | 3.12% | 4.95% | 3.97% | 6.01% | 4.97% | 2.55% | 1.91% | 1.07% | -0.01% | -2.20% | -4.95% | -6.64% | -3.61% | -2.88% | -1.01% | -1.44% | -5.24% | -3.63% |
| Return on total capital | 4.88% | 8.25% | 13.73% | 16.72% | 14.82% | 11.41% | 14.25% | 8.75% | 4.78% | 7.48% | 5.06% | 0.30% | -3.70% | -6.49% | 0.05% | 0.94% | 3.84% | 3.69% | -3.79% | -1.21% |
| Return on equity (ROE) | 19.23% | 1.84% | 6.28% | 10.36% | 8.68% | 13.94% | 11.69% | 6.27% | 4.48% | 2.51% | -0.02% | -5.17% | -11.33% | -15.85% | -8.74% | -7.01% | -2.35% | -3.39% | -13.00% | -8.45% |
Harmonic, Inc.'s profitability ratios exhibit fluctuations over the past eight quarters.
- Operating return on assets (Operating ROA) has shown a decline from Q1 2023 to Q4 2023, reaching 2.99% in the most recent quarter.
- Return on assets (ROA) also experienced variability, with the highest point at 10.93% in Q4 2023 and the lowest at 0.93% in Q3 2023.
- Return on total capital exhibited an upward trend, peaking at 12.11% in Q1 2023.
- Return on equity (ROE) demonstrated a similar pattern, with the highest value of 19.23% in Q4 2023 and the lowest at 1.84% in Q3 2023.
Overall, the company's profitability performance has been mixed, with fluctuations across different profitability metrics. Further analysis of the company's operational efficiency and financial management practices may be required to understand the drivers behind these fluctuations in profitability ratios.