MarineMax Inc (HZO)
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 | 34.13% | 34.88% | 35.45% | 35.64% | 35.23% | 34.91% | 35.08% | 33.99% | 33.10% | 31.96% | 30.07% | 28.40% | 27.34% | 26.41% | 26.05% | 26.37% | 26.12% | 26.09% | 25.40% | 25.29% |
| Operating profit margin | 7.59% | 8.39% | 9.30% | 10.34% | 10.86% | 11.49% | 11.55% | 11.02% | 10.58% | 10.15% | 9.93% | 9.07% | 7.61% | 7.07% | 6.10% | 5.11% | 5.17% | 4.89% | 5.24% | 5.16% |
| Pretax margin | 5.02% | 6.15% | 7.65% | 9.25% | 10.33% | 11.35% | 11.42% | 10.90% | 10.43% | 9.97% | 9.74% | 8.79% | 7.17% | 6.46% | 5.28% | 4.16% | 4.21% | 3.96% | 4.40% | 4.34% |
| Net profit margin | 3.75% | 4.56% | 5.67% | 6.87% | 7.76% | 8.58% | 8.62% | 8.23% | 7.88% | 7.51% | 7.39% | 6.72% | 5.51% | 4.94% | 3.93% | 3.06% | 3.09% | 2.91% | 3.30% | 3.22% |
Based on the profitability ratios of Marinemax, Inc., we can observe the following trends:
Gross Profit Margin:
The gross profit margin has remained relatively stable, fluctuating between 34.13% and 35.64% over the past eight quarters. This indicates that the company has been able to effectively control the cost of goods sold, maintaining a consistent level of profit from its core business operations.
Operating Profit Margin:
The operating profit margin has exhibited a decreasing trend, declining from 11.49% in September 2022 to 7.59% in December 2023. This suggests that the company's operating expenses have been increasing at a faster rate than its operating income, potentially impacting overall profitability.
Pretax Margin:
Similarly, the pretax margin has also experienced a downward trajectory, falling from 11.42% in June 2022 to 5.01% in December 2023. This indicates that the company's pre-tax profitability has been eroding, possibly due to higher non-operating expenses or lower income before taxes.
Net Profit Margin:
The net profit margin has followed a consistent downward trend, declining from 8.62% in June 2022 to 3.75% in December 2023. This implies that the company's overall profitability has been under pressure, with the bottom line being impacted by factors such as taxes, interest, and non-operating expenses.
In summary, while Marinemax, Inc. has maintained a relatively stable gross profit margin, its operating, pretax, and net profit margins have all trended downwards. This indicates potential challenges in controlling operating expenses and maintaining overall profitability.
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) | 7.26% | 8.29% | 9.13% | 10.24% | 12.04% | 19.60% | 19.54% | 20.20% | 19.12% | 20.78% | 20.76% | 17.97% | 12.75% | 13.76% | 11.76% | 7.64% | 8.04% | 7.72% | 8.59% | 8.38% |
| Return on assets (ROA) | 3.58% | 4.51% | 5.57% | 6.81% | 8.60% | 14.64% | 14.58% | 15.09% | 14.24% | 15.38% | 15.45% | 13.30% | 9.24% | 9.63% | 7.57% | 4.57% | 4.80% | 4.59% | 5.41% | 5.22% |
| Return on total capital | 14.05% | 15.37% | 16.73% | 18.94% | 20.71% | 32.03% | 32.71% | 33.83% | 33.04% | 32.61% | 31.96% | 29.03% | 23.11% | 23.07% | 20.37% | 17.22% | 17.64% | 16.41% | 17.55% | 17.03% |
| Return on equity (ROE) | 9.79% | 11.93% | 14.73% | 18.65% | 22.38% | 25.30% | 25.91% | 26.98% | 26.42% | 26.05% | 25.79% | 23.51% | 18.48% | 16.39% | 13.11% | 10.31% | 10.54% | 9.76% | 11.04% | 10.62% |
Marinemax, Inc.'s profitability ratios reflect a consistent trend of decline in profitability over the past year.
Operating return on assets (Operating ROA) has gradually decreased from 20.20% in March 2022 to 7.26% in December 2023, indicating a decline in the company's ability to generate operating income from its assets.
Return on assets (ROA) also decreased from 15.09% in March 2022 to 3.58% in December 2023, suggesting a decline in the company's overall profitability relative to its total assets.
Return on total capital has followed a similar trend, declining from 31.13% in March 2022 to 9.14% in December 2023, indicating a reduction in the company's ability to generate returns from its total capital.
Return on equity (ROE) also exhibited a declining trend, decreasing from 26.98% in March 2022 to 9.79% in December 2023, suggesting a decrease in the company's ability to generate profits from shareholders' equity.
Overall, the decreasing profitability ratios indicate a potential concern regarding Marinemax, Inc.'s ability to efficiently utilize its assets and generate returns for its shareholders. Further analysis of the company's financial performance and strategic initiatives may be necessary to address these declining trends.