Illumina Inc (ILMN)
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 | 60.95% | 61.43% | 62.23% | 63.21% | 64.83% | 66.31% | 67.54% | 68.81% | 69.66% | 69.30% | 68.63% | 67.61% | 68.01% | 69.02% | 70.34% | 70.36% | 69.63% | 69.26% | 68.86% | 69.08% |
| Operating profit margin | -23.76% | -23.14% | -88.23% | -99.55% | -91.18% | -85.36% | -19.16% | -2.86% | -2.74% | -0.75% | 17.02% | 16.82% | 17.91% | 22.08% | 25.69% | 27.28% | 27.80% | 26.43% | 24.88% | 25.59% |
| Pretax margin | -24.78% | -25.02% | -89.82% | -102.43% | -94.63% | -86.87% | 0.21% | 18.34% | 19.51% | 25.58% | 22.44% | 24.42% | 26.46% | 25.54% | 26.32% | 29.98% | 31.89% | 31.32% | 31.02% | 27.92% |
| Net profit margin | -25.75% | -25.17% | -93.84% | -100.90% | -96.09% | -88.36% | -0.40% | 15.06% | 16.84% | 21.17% | 19.36% | 18.14% | 20.25% | 19.70% | 20.68% | 26.49% | 28.28% | 28.14% | 27.56% | 25.06% |
The profitability ratios of Illumina Inc over the past eight quarters show a general downward trend. The gross profit margin, which measures the company's profitability after accounting for the cost of goods sold, has been steadily decreasing from 71.09% in Q1 2022 to 65.16% in Q4 2023. This downward trend indicates that Illumina's ability to generate profits from its core operations has weakened over time.
The operating profit margin, which reflects the company's ability to control operating expenses, has also experienced a decline. Illumina's operating profit margin fluctuated between -6.16% in Q2 2022 and -4.93% in Q4 2023. The negative values indicate that the company's operating expenses have exceeded its operating income, leading to operating losses in some quarters.
Furthermore, the pretax margin and net profit margin, which show the company's profitability before and after taxes, respectively, have also exhibited a downward trajectory. Both margins have been negative in most of the quarters, with Q4 2023 showing the lowest values at -24.80% for pretax margin and -25.78% for net profit margin.
In conclusion, based on the profitability ratios analyzed, Illumina Inc has faced challenges in maintaining its profitability levels over the past eight quarters, with declining margins across the board. This trend may suggest operational inefficiencies or increased costs that are impacting the company's bottom line.
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) | -10.58% | -10.21% | -33.43% | -37.48% | -34.11% | -35.63% | -5.82% | -0.87% | -0.81% | -0.21% | 7.78% | 6.67% | 7.65% | 9.66% | 11.88% | 13.36% | 13.46% | 12.89% | 12.15% | 11.76% |
| Return on assets (ROA) | -11.47% | -11.10% | -35.55% | -37.99% | -35.95% | -36.89% | -0.12% | 4.59% | 5.01% | 6.01% | 8.85% | 7.20% | 8.65% | 8.62% | 9.56% | 12.97% | 13.70% | 13.73% | 13.45% | 11.52% |
| Return on total capital | -14.38% | -14.21% | -49.15% | -67.44% | -53.30% | -60.18% | 0.47% | 8.29% | 7.60% | 10.95% | 18.38% | 18.39% | 16.88% | 16.23% | 17.73% | 21.07% | 20.54% | 20.54% | 20.56% | 19.80% |
| Return on equity (ROE) | -20.19% | -19.06% | -63.86% | -67.04% | -66.74% | -61.68% | -0.18% | 6.43% | 7.09% | 8.55% | 14.83% | 12.80% | 13.98% | 13.57% | 15.19% | 20.32% | 21.72% | 21.92% | 21.65% | 21.36% |
Illumina Inc's profitability ratios show varying levels of performance over the past eight quarters.
- Operating return on assets (Operating ROA) hovered around 0% in the first half of 2023 before turning negative in the last two quarters. This suggests that the company's core operations were not efficiently generating profit relative to its total assets.
- Return on assets (ROA) also displayed poor performance, consistently showing negative figures, reaching as low as -37.99% in Q1 2023. This indicates that the company struggled to generate profit from its total assets.
- Return on total capital fluctuated around 0% during the first half of 2023 before turning negative in Q4 2023. This implies that Illumina's overall capital was not effectively utilized to generate returns for the business.
- Return on equity (ROE) mirrored the trends seen in ROA, consistently showing negative values, with Q1 2023 marking the lowest point at -67.04%. This indicates that the company's shareholders' equity was not effectively translating into profit.
Overall, Illumina Inc's profitability ratios suggest challenges in effectively utilizing assets, capital, and equity to generate profits during the analyzed period. Further analysis and comparison with industry peers may provide additional insights into the company's performance.