MGP Ingredients Inc (MGPI)
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 | 36.72% | 34.80% | 33.46% | 31.89% | 32.38% | 32.03% | 32.83% | 33.42% | 31.75% | 31.73% | 29.59% | 26.70% | 25.07% | 23.00% | 22.58% | 22.38% | 21.17% | 21.53% | 21.50% | 21.60% |
| Operating profit margin | 17.91% | 16.64% | 18.61% | 17.82% | 19.04% | 21.70% | 22.30% | 21.85% | 20.16% | 17.22% | 15.89% | 15.11% | 13.76% | 14.26% | 14.17% | 14.13% | 13.07% | 12.72% | 12.68% | 12.83% |
| Pretax margin | 17.12% | 15.89% | 17.82% | 16.86% | 17.99% | 20.61% | 21.33% | 21.04% | 19.40% | 16.65% | 15.43% | 14.74% | 13.34% | 13.81% | 13.73% | 13.67% | 12.71% | 12.38% | 12.35% | 12.50% |
| Net profit margin | 12.95% | 12.19% | 13.67% | 13.08% | 13.99% | 15.65% | 16.18% | 15.88% | 14.57% | 12.67% | 11.83% | 11.37% | 10.24% | 10.81% | 10.58% | 10.48% | 10.73% | 10.06% | 10.16% | 10.12% |
MGP Ingredients, Inc.'s profitability ratios have shown fluctuations over the past eight quarters. The gross profit margin has generally been in the range of 31.89% to 36.43%, indicating the company's ability to control production costs and generate revenue from its products. The operating profit margin has ranged from 17.54% to 20.89%, reflecting the efficiency of the company's operations in generating profits before considering interest and taxes.
The pretax margin, which indicates the company's profitability before taxes, has varied from 15.84% to 21.24%. This ratio provides insights into the overall financial health of the company and its operational efficiency. The net profit margin, a key indicator of profitability, has shown fluctuations between 12.08% to 15.76%, reflecting the company's ability to manage both operating costs and non-operating expenses to generate profits for its shareholders.
Overall, MGP Ingredients, Inc. has demonstrated solid profitability ratios over the analyzed periods, although some quarters have shown a decrease in margins compared to others. It is essential for the company to continue monitoring and optimizing its operations to maintain and improve its profitability in the long term.
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) | 10.67% | 9.90% | 10.70% | 11.86% | 12.86% | 14.54% | 14.78% | 14.48% | 12.13% | 9.49% | 7.63% | 16.01% | 14.80% | 15.19% | 14.82% | 13.71% | 14.64% | 15.50% | 16.07% | 16.64% |
| Return on assets (ROA) | 7.72% | 7.25% | 7.86% | 8.71% | 9.45% | 10.48% | 10.73% | 10.52% | 8.77% | 6.98% | 5.68% | 12.05% | 11.01% | 11.52% | 11.06% | 10.18% | 12.03% | 12.27% | 12.88% | 13.13% |
| Return on total capital | 13.14% | 11.97% | 13.24% | 14.04% | 19.19% | 17.30% | 17.56% | 17.15% | 18.58% | 14.93% | 12.37% | 19.51% | 18.24% | 18.79% | 18.68% | 18.99% | 17.39% | 18.28% | 18.86% | 19.49% |
| Return on equity (ROE) | 12.64% | 12.09% | 13.57% | 13.27% | 14.66% | 16.37% | 16.87% | 16.67% | 14.16% | 11.55% | 9.70% | 16.49% | 15.37% | 16.53% | 16.27% | 16.52% | 16.79% | 17.17% | 18.10% | 18.56% |
MGP Ingredients, Inc.'s profitability ratios demonstrate consistent performance overall, though with some fluctuations over the quarters.
1. Operating return on assets (Operating ROA) has shown a positive trend throughout the quarters, ranging from 10.54% to 12.95%. This indicates that the company generates a healthy level of operating income relative to its total assets.
2. Return on assets (ROA) has been relatively stable, with values ranging from 7.18% to 9.38%. Despite some fluctuations, the company has been effectively utilizing its assets to generate profits.
3. Return on total capital fluctuated between 12.98% and 15.56%, displaying variations but remaining within a reasonable range. This ratio indicates the firm's ability to generate returns from both equity and debt capital invested in the business.
4. Return on equity (ROE) showed a declining trend in recent quarters, starting at 16.74% and falling to 12.51%. While this metric still indicates a healthy return for shareholders, the decreasing trend may warrant further investigation into the company's financial performance.
Overall, MGP Ingredients, Inc. has shown operational efficiency and effectiveness in generating profits from its assets and capital. However, monitoring the downward trend in ROE is crucial to understand the impact on shareholder value over time.