Lumentum Holdings Inc (LITE)
Profitability ratios
Return on sales
| 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 | Dec 31, 2019 | Sep 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 9.25% | 20.83% | 24.31% | 28.71% | 32.71% | 37.28% | 40.37% | 44.39% | 47.92% | 47.58% | 47.87% | 48.23% | 46.67% | 45.69% | 44.45% | 42.58% | 40.20% | 36.01% | 31.02% | 28.37% |
| Operating profit margin | -15.97% | -25.63% | -20.83% | -13.56% | -6.65% | -0.25% | 5.29% | 11.77% | 18.43% | 18.16% | 31.23% | 32.40% | 31.41% | 30.71% | 17.31% | 15.05% | 12.62% | 9.78% | 2.59% | -1.15% |
| Pretax margin | -14.93% | -23.26% | -18.81% | -12.30% | -5.89% | -1.12% | 3.27% | 9.04% | 14.29% | 14.00% | 27.36% | 28.54% | 27.60% | 27.15% | 14.94% | 12.65% | 10.78% | 8.30% | 0.44% | -1.97% |
| Net profit margin | -20.11% | -25.46% | -18.92% | -12.86% | -7.56% | -2.07% | 1.61% | 6.86% | 12.09% | 11.48% | 23.42% | 24.53% | 23.68% | 22.43% | 11.53% | 9.59% | 8.38% | 6.84% | -0.20% | -2.20% |
Lumentum Holdings Inc's profitability ratios have displayed fluctuations over the past few quarters. The gross profit margin has generally been declining from 47.92% in Jun 2022 to 9.25% in Jun 2024, indicating a decrease in the company's profitability from its core operations.
The operating profit margin also demonstrates variability, with a significant decrease from 31.23% in Mar 2022 to -25.63% in Mar 2024. This indicates that the company's ability to generate profits from its operating activities has been inconsistent.
Similarly, the pretax margin and net profit margin have shown fluctuations, with both metrics experiencing a downward trend in recent quarters. The pretax margin decreased from 27.36% in Dec 2021 to -14.93% in Jun 2024, while the net profit margin declined from 23.42% in Dec 2021 to -20.11% in Jun 2024.
Overall, the trend in Lumentum Holdings Inc's profitability ratios suggests a decrease in profitability over the analyzed period. It is essential for the company to focus on improving its operational efficiency and cost management to enhance its profitability in the future.
Return on investment
| 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 | Dec 31, 2019 | Sep 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | -11.04% | -8.48% | -6.30% | -4.62% | -2.50% | -0.10% | 2.12% | 4.58% | 7.29% | 7.11% | 14.21% | 15.46% | 14.84% | 13.57% | 8.18% | 7.18% | 6.20% | 5.00% | 1.38% | -0.66% |
| Return on assets (ROA) | -13.90% | -8.42% | -5.72% | -4.38% | -2.84% | -0.84% | 0.65% | 2.67% | 4.78% | 4.49% | 10.65% | 11.70% | 11.19% | 9.91% | 5.45% | 4.58% | 4.12% | 3.50% | -0.11% | -1.26% |
| Return on total capital | -11.07% | -7.77% | -6.02% | -4.03% | -1.74% | 0.95% | 3.53% | 6.60% | 9.44% | 15.60% | 25.64% | 27.73% | 19.18% | 23.73% | 11.47% | 9.16% | 8.21% | 6.88% | 2.16% | 0.42% |
| Return on equity (ROE) | -57.09% | -30.10% | -20.86% | -15.19% | -9.71% | -2.39% | 1.85% | 7.67% | 10.61% | 9.71% | 19.05% | 20.88% | 20.14% | 17.15% | 9.84% | 8.53% | 7.75% | 6.59% | -0.20% | -2.32% |
Lumentum Holdings Inc's profitability ratios have fluctuated over the past few quarters.
- Operating return on assets (Operating ROA) has shown a trend of decline, from a high of 15.46% in March 2022 to a low of -11.04% in June 2024. This indicates a decreasing ability to generate profits from its assets in the operation.
- Return on assets (ROA) has also shown a similar downward trend, dropping from a peak of 11.70% in March 2022 to -13.90% in June 2024. This suggests a declining overall profitability in relation to its total assets.
- Return on total capital has been volatile, with a significant increase from 0.95% in March 2022 to 27.73% in September 2023. However, the ratio then decreased to -11.07% by June 2024, indicating inconsistency in generating returns from its total capital.
- Return on equity (ROE) has fluctuated as well, ranging from a low of -57.09% in June 2024 to a high of 20.88% in March 2022. The negative ROE figures indicate that the company's net income is not enough to cover its shareholder's equity.
Overall, the decreasing trends in operating and total return on assets, alongside the volatility in return on total capital and equity, suggest that Lumentum Holdings Inc's profitability has been under pressure in recent quarters.