LeMaitre Vascular Inc (LMAT)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 32.81% | 32.62% | 33.08% | 32.85% | 34.09% |
| Operating profit margin | 9.48% | 8.34% | 11.88% | 11.18% | 9.04% |
| Pretax margin | 10.20% | 8.55% | 11.19% | 10.62% | 9.25% |
| Net profit margin | 7.78% | 6.42% | 8.78% | 8.24% | 7.66% |
Lemaitre Vascular Inc has demonstrated stable and consistent gross profit margins over the past five years, ranging from 64.89% to 68.12%. The company has maintained a healthy level of profitability before accounting for taxes, with pretax margins ranging from 17.01% to 22.20%.
In terms of operational efficiency, Lemaitre Vascular Inc has shown a slight improvement in operating profit margins, with a range from 18.52% to 23.59%. This indicates the company's ability to control operating expenses and generate profits from its core operations.
Net profit margins, which represent the company's profitability after all expenses including taxes are deducted, have also been relatively strong, ranging from 12.77% to 17.42%.
Overall, Lemaitre Vascular Inc's profitability ratios demonstrate the company's ability to generate profits efficiently and effectively over the past five years.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 10.59% | 8.64% | 12.44% | 11.39% | 11.25% |
| Return on assets (ROA) | 8.68% | 6.65% | 9.19% | 8.39% | 9.52% |
| Return on total capital | 13.25% | 10.25% | 14.36% | 13.77% | 14.63% |
| Return on equity (ROE) | 10.11% | 7.69% | 10.59% | 12.30% | 12.11% |
Lemaitre Vascular Inc's profitability ratios have shown some fluctuations over the past five years.
1. Operating return on assets (Operating ROA) indicates how effectively the company is generating profits from its assets used in operations. Lemaitre Vascular Inc's Operating ROA has ranged from 9.64% to 12.44% during the period under review, with a high in 2021. This metric increased in 2023 to 10.73%, reflecting improved operational efficiency compared to the previous year.
2. Return on assets (ROA) measures the overall profitability of the company relative to its total assets. Lemaitre Vascular Inc's ROA has varied from 6.65% to 9.52% over the five-year period, with a peak in 2021. Despite some fluctuations, the company has consistently generated positive returns on its assets. In 2023, the ROA stood at 8.68%, indicating a moderate increase compared to the previous year.
3. Return on total capital assesses the return earned by the company on all of its invested capital, including both equity and debt. Lemaitre Vascular Inc's return on total capital has fluctuated between 11.16% and 14.33% over the five-year period, with a high in 2021. In 2023, this ratio increased to 12.49%, suggesting the company is effectively utilizing both equity and debt to generate returns for its investors.
4. Return on equity (ROE) measures the profitability of the company from the perspective of its shareholders. Lemaitre Vascular Inc's ROE has ranged from 7.69% to 12.30% over the past five years, reaching a peak in 2019. In 2023, the ROE stood at 10.11%, showing a moderate improvement compared to the previous year and indicating that the company is generating a reasonable return for its equity investors.
Overall, Lemaitre Vascular Inc has demonstrated relatively stable profitability levels across its various metrics, with some fluctuations reflecting changes in operational efficiency and capital utilization. It is essential for investors and stakeholders to monitor these ratios to assess the company's financial health and performance over time.