L3Harris Technologies Inc (LHX)
Profitability ratios
Return on sales
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Sep 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 2.02% | 1.21% | 1.46% | 2.59% | 2.81% | -0.45% | 0.26% | 1.03% | -1.38% | 4.16% | 4.89% | 5.03% | 10.26% | 7.98% | 5.15% | 3.13% | 4.95% | 6.89% | 13.53% | 23.28% |
| Operating profit margin | 7.29% | 7.40% | 7.21% | 7.54% | 32.37% | 18.97% | 13.30% | 7.25% | 5.00% | 15.15% | 14.12% | 13.75% | 7.34% | 3.57% | 0.01% | -3.38% | -20.56% | -11.36% | -1.20% | 13.53% |
| Pretax margin | 5.87% | 5.90% | 5.96% | 6.61% | 9.18% | 5.40% | 6.48% | 7.59% | 8.02% | 13.48% | 13.25% | 12.87% | 10.84% | 10.30% | 9.18% | 7.55% | 8.54% | 8.59% | 9.96% | 13.25% |
| Net profit margin | 5.85% | 5.92% | 5.99% | 6.49% | 8.14% | 4.54% | 5.40% | 6.33% | 6.81% | 11.51% | 10.70% | 10.39% | 8.63% | 8.22% | 7.68% | 6.25% | 7.56% | 7.79% | 9.14% | 11.98% |
L3Harris Technologies Inc's profitability ratios have shown varying trends over the different periods.
- Gross profit margin has been fluctuating significantly, with a notable decline from 23.28% in September 2019 to around 0-2% in recent quarters, indicating challenges in maintaining profitability on sales.
- Operating profit margin has also been fluctuating but generally showing a decreasing trend from 32.37% in September 2023 to around 7-15% in recent quarters, reflecting the company's operational efficiency and effectiveness in generating profits from its core business activities.
- Pretax margin has shown fluctuations, with periods of growth and decline, but relatively stable around 5-9% in recent quarters, suggesting the company's ability to manage operating expenses and generate pre-tax profits.
- Net profit margin has displayed a similar pattern to pretax margin, remaining between 5-8% in recent quarters. This indicates the company's ability to control expenses and generate profits after accounting for taxes and other obligations.
Overall, L3Harris Technologies Inc's profitability ratios highlight the company's ability to manage costs and generate profits, despite some fluctuations in margins. It is important for the company to focus on improving gross profit margins to enhance overall profitability in the future.
Return on investment
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Sep 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 3.59% | 3.57% | 3.37% | 3.42% | 13.96% | 9.47% | 6.41% | 3.63% | 2.48% | 7.37% | 7.10% | 7.04% | 3.78% | 1.81% | 0.01% | -1.64% | -9.93% | -4.61% | -0.40% | 3.38% |
| Return on assets (ROA) | 2.88% | 2.86% | 2.81% | 2.94% | 3.51% | 2.27% | 2.60% | 3.17% | 3.39% | 5.60% | 5.38% | 5.32% | 4.44% | 4.16% | 3.74% | 3.03% | 3.65% | 3.16% | 3.04% | 2.99% |
| Return on total capital | 18.04% | 13.65% | 8.84% | 4.83% | 6.70% | 3.21% | 4.04% | 4.92% | 3.27% | 9.62% | 9.29% | 14.13% | -0.79% | 2.81% | 6.96% | 5.87% | 6.53% | 5.50% | 5.24% | 5.09% |
| Return on equity (ROE) | 6.35% | 6.32% | 6.28% | 6.54% | 7.98% | 4.35% | 5.05% | 5.73% | 6.16% | 10.01% | 9.62% | 9.61% | 7.98% | 7.55% | 6.73% | 5.40% | 6.36% | 5.42% | 5.28% | 5.12% |
L3Harris Technologies Inc's profitability ratios show fluctuating performance over the past few quarters. The Operating Return on Assets (Operating ROA) has been trending downward from a high of 13.96% in the third quarter of 2023 to 3.59% in the most recent quarter. This indicates a decrease in the company's ability to generate profits from its assets through core operations.
The Return on Assets (ROA) also follows a similar pattern, declining from 5.60% in the second quarter of 2022 to 2.88% in the most recent quarter. The ROA measures the overall efficiency of the company in utilizing its assets to generate profits, and the downward trend suggests a deterioration in this aspect of the company's financial performance.
Return on Total Capital has shown significant variability, with a high of 18.04% in the first quarter of 2024 and a low of -0.79% in the first quarter of 2022. This ratio indicates the overall profitability of the company's investments in both equity and debt, and the fluctuations may suggest inconsistencies in capital allocation or operational performance.
Return on Equity (ROE) has also exhibited inconsistency, with fluctuations from as high as 10.01% in the second quarter of 2022 to as low as 5.12% in the first quarter of 2020. The ROE reflects the company's ability to generate profits from shareholder investments, and the varying levels indicate changes in the company's profitability and efficiency in utilizing equity capital.
Overall, the profitability ratios of L3Harris Technologies Inc reflect a mixed performance, with some quarters showing strong profitability metrics while others demonstrate weaker results. Investors and analysts may want to closely monitor trends in these ratios to assess the company's financial health and performance consistency.