Insteel Industries Inc (IIIN)
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 | 8.97% | 10.07% | 12.99% | 16.88% | 21.12% | 23.88% | 24.98% | 23.61% | 22.18% | 20.58% | 18.16% | 16.29% | 14.06% | 11.83% | 9.00% | 7.46% | 5.66% | 6.61% | 9.86% | 13.28% |
| Operating profit margin | 4.03% | 5.38% | 8.66% | 12.86% | 17.28% | 15.83% | 16.29% | 14.18% | 7.99% | 8.58% | 5.45% | 2.67% | 4.05% | 4.57% | 2.24% | 1.20% | 0.11% | 0.98% | 3.99% | 6.97% |
| Pretax margin | 4.81% | 6.43% | 9.40% | 13.41% | 17.86% | 19.57% | 20.59% | 18.86% | 16.25% | 14.58% | 11.31% | 9.23% | 6.90% | 5.13% | 2.86% | 1.54% | 0.62% | 1.64% | 4.65% | 7.68% |
| Net profit margin | 3.73% | 4.99% | 7.27% | 10.35% | 13.81% | 15.13% | 15.93% | 14.60% | 12.56% | 11.28% | 8.78% | 7.18% | 5.39% | 4.03% | 2.20% | 1.19% | 0.45% | 1.23% | 3.61% | 5.91% |
Insteel Industries Inc's profitability ratios have shown some fluctuations over the past few quarters. The gross profit margin has been gradually decreasing, indicating a decrease in the percentage of revenue retained after accounting for the cost of goods sold. This could be a concern, as it may suggest potential pricing pressures or inefficiencies in cost management.
The operating profit margin has also exhibited variability, with fluctuations in profitability from quarter to quarter. While there have been some periods of improvement, there have also been declines in operating profitability. This suggests that the company's operating expenses and efficiency in generating profits have been inconsistent.
The pretax margin has shown a similar trend, with fluctuations in profitability before accounting for taxes. This metric provides insight into the company's ability to control costs and generate earnings before tax. The inconsistency in the pretax margin performance indicates potential challenges in maintaining stable profitability levels.
The net profit margin, which represents the percentage of revenue that translates into net income, has also experienced fluctuations over the quarters. While the company has demonstrated the ability to generate profits, the variability in net profit margin highlights the need for careful management of operating costs and effective revenue generation strategies to sustain profitability levels.
Overall, the analysis of Insteel Industries Inc's profitability ratios suggests a need for the company to focus on streamlining operations, controlling costs, and enhancing revenue generation to achieve more consistent and sustainable 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) | 6.20% | 7.81% | 13.66% | 22.94% | 33.36% | 27.72% | 26.76% | 24.41% | 14.07% | 12.97% | 8.16% | 4.11% | 6.46% | 6.38% | 2.97% | 1.69% | 0.17% | 1.52% | 6.07% | 10.40% |
| Return on assets (ROA) | 5.74% | 7.24% | 11.47% | 18.47% | 26.67% | 26.50% | 26.16% | 25.13% | 22.13% | 17.05% | 13.14% | 11.03% | 8.58% | 5.63% | 2.92% | 1.67% | 0.66% | 1.91% | 5.50% | 8.81% |
| Return on total capital | 8.69% | 10.97% | 17.64% | 28.09% | 40.54% | 41.52% | 44.61% | 42.01% | 36.93% | 28.54% | 22.77% | 18.51% | 14.02% | 9.17% | 5.00% | 2.81% | 1.19% | 3.10% | 8.76% | 14.23% |
| Return on equity (ROE) | 6.72% | 8.50% | 13.62% | 21.67% | 31.33% | 32.08% | 34.49% | 32.51% | 28.53% | 22.05% | 17.65% | 14.36% | 10.91% | 7.18% | 3.82% | 2.13% | 0.82% | 2.28% | 6.75% | 11.13% |
Insteel Industries Inc's profitability ratios have shown fluctuating trends over the past five quarters. The operating return on assets (Operating ROA) has varied between 6.20% and 33.36%, indicating some volatility in the company's ability to generate operating profits relative to its total assets. The return on assets (ROA) has also exhibited fluctuations, ranging from 5.74% to 26.67%, suggesting variations in the company's overall profitability.
The return on total capital has displayed a similar pattern, with values oscillating between 8.69% and 40.54%, showcasing the company's efficiency in generating returns from both equity and debt capital. The return on equity (ROE) has followed a comparable trend, fluctuating between 6.72% and 31.33%, reflecting the company's ability to generate profits for its shareholders.
Overall, the profitability ratios of Insteel Industries Inc demonstrate some degree of inconsistency in performance over the analyzed quarters. Further analysis of the company's financial statements and operational aspects would be necessary to understand the underlying factors driving these fluctuations in profitability.