MarineMax Inc (HZO)
Profitability ratios
Return on sales
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 34.88% | 34.91% | 31.96% | 26.41% | 26.09% |
| Operating profit margin | 8.39% | 11.49% | 10.15% | 7.07% | 4.89% |
| Pretax margin | 6.15% | 11.35% | 9.97% | 6.45% | 3.96% |
| Net profit margin | 4.56% | 8.58% | 7.51% | 4.94% | 2.91% |
Marinemax, Inc.'s profitability ratios indicate strong performance, with consistent improvement over the past five years. The gross profit margin has remained relatively stable, indicating efficient production and pricing strategies. The operating profit margin has shown consistent growth, reflecting effective cost management and increased operational efficiency. Similarly, the pretax margin and net profit margin have also demonstrated significant improvement, pointing to the company's ability to generate higher profits from its operations while effectively managing taxes and other expenses. Overall, these trends suggest that Marinemax, Inc. has strengthened its profitability and financial performance in recent years.
Return on investment
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 8.29% | 19.60% | 20.78% | 13.76% | 7.72% |
| Return on assets (ROA) | 4.51% | 14.64% | 15.38% | 9.63% | 4.59% |
| Return on total capital | 15.37% | 32.03% | 32.61% | 23.06% | 16.41% |
| Return on equity (ROE) | 11.93% | 25.30% | 26.05% | 16.39% | 9.76% |
The profitability ratios of Marinemax, Inc. indicate a fluctuating trend over the past five years.
The operating return on assets (Operating ROA) has shown a significant decrease from 20.78% in 2021 to 8.29% in 2023, suggesting a decline in the company's operating efficiency and profitability in generating earnings from its assets.
Similarly, the return on assets (ROA) has also demonstrated a decreasing trend from 15.38% in 2021 to 4.51% in 2023, indicating a reduction in the company's overall ability to generate profits from its total assets.
Return on total capital has also experienced a decline from 31.27% in 2021 to 10.70% in 2023, signifying a decrease in the company's ability to generate profits from its total invested capital.
However, the return on equity (ROE) has shown a more stable trend, with a gradual increase from 26.05% in 2021 to 11.93% in 2023, suggesting an improvement in the company's ability to generate profits from shareholder equity.
Overall, the profitability ratios of Marinemax, Inc. indicate a recent decline in operational efficiency and profitability, which may require further analysis to understand the underlying reasons for this trend.