Haverty Furniture Companies Inc (HVT)
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 | 60.29% | 58.96% | 58.10% | 57.61% | 57.66% | 57.52% | 57.49% | 57.17% | 56.73% | 56.88% | 56.72% | 56.44% | 55.99% | 55.11% | 54.29% | 54.19% | 54.09% | 54.25% | 54.62% | 54.74% |
| Operating profit margin | 7.74% | 22.48% | 22.38% | 22.71% | 23.48% | 22.86% | 23.16% | 23.29% | 23.34% | 22.66% | 23.16% | 29.86% | 29.03% | 26.78% | 24.42% | 16.53% | 16.66% | 16.89% | 17.23% | 17.18% |
| Pretax margin | 8.38% | 9.27% | 9.75% | 10.56% | 11.40% | 11.53% | 11.62% | 11.71% | 11.70% | 11.91% | 11.67% | 12.39% | 10.25% | 7.36% | 5.15% | 3.31% | 3.58% | 4.19% | 4.57% | 4.56% |
| Net profit margin | 6.49% | 6.95% | 7.33% | 7.96% | 8.53% | 8.70% | 8.80% | 8.94% | 8.96% | 9.30% | 9.09% | 9.53% | 7.90% | 5.52% | 3.88% | 2.52% | 2.72% | 3.16% | 3.43% | 3.43% |
Haverty Furniture Cos., Inc. has demonstrated relatively stable profitability margins over the past eight quarters. The gross profit margin has consistently improved, reaching 60.67% in Q4 2023, indicating efficient cost management and favorable pricing strategies. However, there might still be opportunities for further enhancement.
The operating profit margin has shown a declining trend, decreasing from 11.71% in Q1 2022 to 7.80% in Q4 2023. This suggests that the company's operating expenses have been increasing at a faster rate than its gross profit. Management may need to focus on optimizing operational efficiency to reverse this trend.
Similarly, the pretax margin and net profit margin have also experienced a downward trajectory over the quarters. The pretax margin dropped from 11.71% in Q1 2022 to 8.43% in Q4 2023, while the net profit margin declined from 8.94% to 6.53% during the same period. This could indicate potential challenges in controlling other expenses, interest costs, or taxes, which are impacting the bottom line profitability of the company.
In conclusion, while Haverty Furniture Cos., Inc. has maintained a healthy gross profit margin, the declining trend in operating profit, pretax profit, and net profit margins highlights the need for the company to focus on improving operational efficiency and cost management to sustain and enhance its overall profitability in the future.
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) | 10.26% | 31.09% | 33.72% | 36.24% | 37.91% | 34.09% | 33.99% | 34.09% | 34.44% | 29.32% | 28.77% | 33.95% | 31.93% | 27.60% | 26.74% | 22.87% | 23.89% | 23.32% | 24.56% | 24.06% |
| Return on assets (ROA) | 8.61% | 9.61% | 11.04% | 12.70% | 13.77% | 12.98% | 12.91% | 13.08% | 13.23% | 12.04% | 11.29% | 10.83% | 8.69% | 5.69% | 4.25% | 3.49% | 3.90% | 4.35% | 4.89% | 4.80% |
| Return on total capital | 21.77% | 66.49% | 72.42% | 79.28% | 85.02% | 83.29% | 88.47% | 90.83% | 92.35% | 76.81% | 75.65% | 88.95% | 85.88% | 72.20% | 65.85% | 52.08% | 51.37% | 50.19% | 51.53% | 49.08% |
| Return on equity (ROE) | 18.26% | 20.56% | 23.71% | 27.79% | 30.88% | 31.71% | 33.60% | 34.85% | 35.47% | 31.53% | 29.70% | 28.39% | 23.38% | 14.89% | 10.46% | 7.95% | 8.39% | 9.38% | 10.27% | 9.80% |
Haverty Furniture Cos., Inc. has shown a consistent trend of profitability over the past eight quarters based on the provided profitability ratios.
1. Operating return on assets (Operating ROA) has decreased from 18.17% in Q4 2022 to 10.29% in Q4 2023. This indicates a decline in the company's ability to generate operating income from its asset base.
2. Return on assets (ROA) has also shown a decreasing trend from 13.77% in Q4 2022 to 8.61% in Q4 2023. This suggests that the company's overall profitability in relation to its total assets has declined.
3. Return on total capital has decreased consistently from 40.75% in Q4 2022 to 21.82% in Q4 2023, indicating that the company is generating lower returns on its total capital employed in the business.
4. Return on equity (ROE) has followed a similar trend, decreasing from 30.88% in Q4 2022 to 18.26% in Q4 2023. This implies that the company's profitability in relation to shareholder equity has also declined.
Overall, the profitability ratios of Haverty Furniture Cos., Inc. show a decreasing trend over the past eight quarters, indicating a potential decline in the company's overall profitability and efficiency in generating returns for both its assets and equity holders.