Howmet Aerospace Inc (HWM)
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 | 15.86% | 14.33% | 13.67% | 13.64% | 13.40% | 12.39% | 9.92% | 8.60% | 7.34% | 32.45% | 32.20% | 28.26% | 22.98% | 42.16% | 35.81% | 29.12% | 48.57% | 48.83% | 69.39% | 93.50% |
| Operating profit margin | 18.70% | 17.74% | 17.05% | 17.05% | 16.92% | 16.26% | 16.70% | 16.79% | 16.39% | 17.94% | 15.20% | 12.24% | 9.60% | 7.94% | 7.81% | 4.53% | 5.21% | 1.59% | 2.22% | 5.78% |
| Pretax margin | 15.16% | 13.80% | 11.98% | 11.47% | 11.15% | 10.30% | 9.23% | 8.13% | 7.10% | 6.92% | 6.21% | 1.63% | 3.39% | 6.21% | 6.72% | 4.33% | 4.18% | 2.26% | 2.61% | 5.80% |
| Net profit margin | 11.89% | 10.35% | 8.91% | 8.51% | 8.63% | 8.36% | 7.75% | 6.58% | 5.65% | 6.26% | 6.52% | 2.77% | 4.00% | 5.34% | 4.68% | 3.62% | 3.31% | 2.66% | 3.13% | 4.86% |
Howmet Aerospace Inc's profitability ratios have shown a positive trend over the past eight quarters. The gross profit margin has been relatively stable, hovering around 27% to 28%, indicating consistent management of production costs. The operating profit margin has also shown stability, with a gradual increase from 17.04% in Q3 2022 to 18.46% in Q4 2023, reflecting efficient operational management.
The pretax margin has exhibited an upward trajectory, increasing from 7.51% in Q1 2022 to 14.68% in Q4 2023. This suggests effective control over operating expenses and improvements in operational efficiency. Moreover, the net profit margin has similarly shown a positive trend, rising from 6.03% in Q1 2022 to 11.49% in Q4 2023, indicating enhanced profitability after accounting for taxes and other expenses.
Overall, Howmet Aerospace Inc has demonstrated consistent profitability improvement over the quarters, reflecting efficient cost management and operational performance, resulting in enhanced bottom-line results.
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) | 11.54% | 10.79% | 9.95% | 9.57% | 8.96% | 8.52% | 8.19% | 7.79% | 7.32% | 7.94% | 6.65% | 5.08% | 5.47% | 6.09% | 7.68% | 3.37% | 4.21% | 1.30% | 1.76% | 4.44% |
| Return on assets (ROA) | 7.34% | 6.30% | 5.20% | 4.78% | 4.57% | 4.38% | 3.80% | 3.05% | 2.52% | 2.77% | 2.85% | 1.15% | 2.28% | 4.09% | 4.60% | 2.70% | 2.68% | 2.17% | 2.48% | 3.74% |
| Return on total capital | 15.83% | 14.04% | 12.12% | 11.40% | 10.76% | 10.29% | 9.10% | 8.16% | 7.54% | 7.57% | 7.32% | 5.62% | 7.27% | 11.30% | 14.07% | 8.84% | 9.80% | 6.93% | 6.67% | 10.55% |
| Return on equity (ROE) | 18.95% | 16.53% | 14.09% | 12.92% | 13.02% | 13.29% | 11.17% | 8.94% | 7.35% | 8.02% | 8.23% | 3.44% | 7.30% | 13.25% | 15.16% | 10.41% | 10.24% | 8.07% | 9.17% | 13.28% |
Howmet Aerospace Inc's profitability ratios have shown steady improvement over the past eight quarters.
- Operating return on assets (Operating ROA) has consistently increased from 8.61% in Q1 2022 to 11.76% in Q4 2023, indicating efficient management of assets to generate operating income.
- Return on assets (ROA) has also exhibited growth, rising from 3.03% in Q1 2022 to 7.32% in Q4 2023, reflecting an enhancement in the company's ability to generate earnings from its total assets.
- Return on total capital has shown a similar positive trend, increasing from 11.34% in Q1 2022 to 15.83% in Q4 2023, highlighting the company's ability to generate returns for both equity and debt investors.
- Return on equity (ROE) has depicted a consistent upward trajectory from 8.88% in Q1 2022 to 18.90% in Q4 2023, demonstrating Howmet Aerospace Inc's effectiveness in utilizing shareholder equity to generate profits.
Overall, the improvement in profitability ratios indicates that Howmet Aerospace Inc has been successful in enhancing its operational efficiency and profitability over the analyzed period.