LCI Industries (LCII)
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 | 20.51% | 19.84% | 20.03% | 21.94% | 24.45% | 25.67% | 25.49% | 24.73% | 23.32% | 23.46% | 24.78% | 25.16% | 25.25% | 24.49% | 23.35% | 23.17% | 22.74% | 22.18% | 21.61% | 21.19% |
| Operating profit margin | 3.26% | 2.55% | 3.48% | 6.69% | 10.62% | 12.49% | 12.44% | 11.07% | 8.91% | 8.61% | 9.54% | 8.93% | 7.97% | 7.65% | 6.50% | 8.07% | 8.44% | 8.19% | 7.97% | 7.72% |
| Pretax margin | 2.19% | 1.52% | 2.59% | 5.99% | 10.09% | 12.04% | 12.03% | 10.69% | 8.54% | 8.27% | 9.25% | 8.58% | 7.49% | 7.14% | 5.94% | 7.59% | 8.07% | 7.83% | 7.62% | 7.40% |
| Net profit margin | 1.70% | 1.29% | 2.12% | 4.54% | 7.59% | 8.95% | 8.93% | 8.01% | 6.43% | 6.29% | 6.99% | 6.51% | 5.67% | 5.38% | 4.54% | 5.75% | 6.18% | 5.88% | 5.75% | 5.61% |
The profitability ratios of LCI Industries have exhibited a declining trend over the last eight quarters. The gross profit margin has decreased from 24.45% in Q4 2022 to 20.51% in Q4 2023, indicating a decrease in the profitability of core operations. Similarly, the operating profit margin has declined from 10.62% in Q4 2022 to 3.26% in Q4 2023, reflecting a decrease in operational efficiency and higher operating expenses.
The pretax margin has also shown a downward trend, decreasing from 10.09% in Q4 2022 to 2.19% in Q4 2023. This indicates lower profitability before accounting for taxes and other non-operating expenses. Furthermore, the net profit margin has decreased from 7.59% in Q4 2022 to 1.70% in Q4 2023, indicating a decline in the profitability of the company after accounting for all expenses.
Overall, the declining trend in profitability ratios for LCI Industries suggests challenges in maintaining profitability levels, potentially due to factors such as rising costs, competitive pressures, or operational inefficiencies. Investors and analysts may need to closely monitor the company's financial performance and assess management's strategies to address these declining profitability ratios.
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) | 4.17% | 3.22% | 4.54% | 9.45% | 17.03% | 21.11% | 19.85% | 15.57% | 12.12% | 11.27% | 12.73% | 11.20% | 9.70% | 9.34% | 7.52% | 9.59% | 10.75% | 13.58% | 14.15% | 13.91% |
| Return on assets (ROA) | 2.17% | 1.63% | 2.76% | 6.42% | 12.16% | 15.13% | 14.25% | 11.26% | 8.75% | 8.23% | 9.33% | 8.17% | 6.89% | 6.56% | 5.25% | 6.84% | 7.87% | 9.75% | 10.22% | 10.10% |
| Return on total capital | 5.61% | 4.29% | 6.11% | 12.56% | 22.33% | 28.01% | 27.70% | 22.45% | 17.14% | 17.03% | 18.32% | 16.61% | 13.69% | 13.22% | 10.14% | 12.62% | 14.16% | 18.49% | 18.86% | 18.52% |
| Return on equity (ROE) | 4.74% | 3.60% | 6.20% | 15.16% | 28.60% | 34.73% | 35.60% | 32.54% | 26.33% | 24.64% | 26.27% | 21.30% | 17.44% | 15.82% | 12.98% | 17.38% | 18.30% | 17.74% | 18.05% | 18.79% |
The profitability ratios for LCI Industries indicate a varying trend over the quarters analyzed.
1. Operating return on assets (Operating ROA) has seen a decline from 21.11% in Q3 2022 to 4.17% in Q4 2023. Although Q4 2023 shows an improvement from the previous quarter, the ratio has yet to reach the levels seen in earlier quarters.
2. Return on assets (ROA) follows a similar pattern, declining from 15.13% in Q3 2022 to 2.17% in Q4 2023. This indicates a decreasing efficiency in generating profit from its assets.
3. Return on total capital has decreased from 27.76% in Q3 2022 to 5.60% in Q4 2023. This ratio measures the overall profitability of both debt and equity capital employed by the company.
4. Return on equity (ROE) has also experienced a decline from 34.73% in Q3 2022 to 4.74% in Q4 2023. This indicates a decrease in the ability of the company to generate profit from the shareholders' equity.
Overall, the profitability ratios of LCI Industries have shown a general downward trend over the quarters analyzed, signaling potential challenges in generating profits and utilizing its assets and capital efficiently. A closer examination of the company's operations and financial performance may be necessary to identify the root causes of these decreasing profitability ratios.