Merit Medical Systems Inc (MMSI)
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 | 47.04% | 46.80% | 46.64% | 46.03% | 45.35% | 45.38% | 45.46% | 45.08% | 45.38% | 44.56% | 43.80% | 42.52% | 41.98% | 42.04% | 42.35% | 43.57% | 43.87% | 44.28% | 45.01% | 45.24% |
| Operating profit margin | 9.99% | 9.95% | 8.77% | 8.47% | 7.65% | 6.99% | 6.87% | 5.65% | 5.70% | 5.24% | 3.82% | 1.17% | -0.16% | -2.20% | -2.51% | 0.73% | 1.57% | 3.38% | 6.00% | 6.53% |
| Pretax margin | 9.03% | 9.13% | 8.26% | 8.06% | 7.22% | 6.42% | 6.23% | 5.05% | 5.04% | 4.48% | 2.99% | 0.15% | -1.38% | -3.60% | -3.98% | -0.67% | 0.22% | 2.33% | 5.04% | 5.50% |
| Net profit margin | 7.61% | 8.26% | 7.54% | 7.26% | 6.51% | 5.46% | 5.26% | 4.38% | 4.53% | 4.12% | 2.75% | 0.44% | -1.03% | -3.08% | -3.13% | -0.39% | 0.55% | 1.96% | 4.13% | 4.72% |
Merit Medical Systems, Inc. has shown stable and consistent profitability ratios over the past eight quarters. The gross profit margin has remained relatively steady, hovering around the mid-40% range, indicating efficient management of production costs. The operating profit margin has also been consistent, with a slight fluctuation between 8.78% and 10.21%, showcasing the company's ability to generate profits from its core operations.
Moreover, the pretax margin and net profit margin have both shown an upward trend over the period, reflecting effective cost management and revenue generation strategies. The pretax margin has increased from 5.03% in Q1 2022 to 9.03% in Q3 2023, indicating improvements in operational efficiency and profitability at the pre-tax level. Similarly, the net profit margin has also steadily increased from 4.36% in Q1 2022 to 8.17% in Q3 2023, highlighting the company's ability to generate more bottom-line profits for every dollar of sales.
Overall, Merit Medical Systems, Inc. has demonstrated a strong performance in terms of profitability ratios, indicating efficient cost control, effective revenue generation, and improving overall profitability over the analyzed period.
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) | 5.33% | 6.68% | 5.67% | 5.86% | 5.26% | 4.84% | 4.68% | 3.80% | 3.70% | 3.35% | 2.38% | 0.68% | -0.09% | -1.26% | -1.39% | 0.42% | 0.88% | 1.85% | 3.25% | 3.51% |
| Return on assets (ROA) | 4.06% | 5.54% | 4.88% | 5.03% | 4.48% | 3.78% | 3.58% | 2.95% | 2.94% | 2.63% | 1.72% | 0.26% | -0.59% | -1.76% | -1.74% | -0.22% | 0.31% | 1.07% | 2.24% | 2.54% |
| Return on total capital | 6.30% | 8.16% | 7.01% | 7.46% | 6.68% | 6.02% | 5.65% | 4.63% | 4.64% | 4.13% | 2.95% | 0.76% | -0.25% | -1.81% | -1.92% | 0.45% | 1.06% | 2.46% | 4.34% | 4.66% |
| Return on equity (ROE) | 7.85% | 8.15% | 7.45% | 7.23% | 6.51% | 5.67% | 5.44% | 4.55% | 4.66% | 4.26% | 2.85% | 0.44% | -1.03% | -3.15% | -3.21% | -0.41% | 0.57% | 1.99% | 4.09% | 4.57% |
The profitability ratios of Merit Medical Systems, Inc. provide insight into the company's ability to generate profits relative to its assets and capital.
1. Operating Return on Assets (Operating ROA) has fluctuated slightly over the past quarters, ranging from 5.48% to 6.92%. This ratio indicates that the company is able to generate approximately 5% to 7% of operating income for every dollar of assets employed in its operations.
2. Return on Assets (ROA) has shown a similar trend, with values ranging from 4.06% to 5.54%. This ratio reflects the overall profitability of the company in generating earnings from its total assets, with the company earning around 4% to 5.5% on its assets.
3. Return on Total Capital has also varied over the quarters, with values between 6.29% and 8.26%. This metric reveals that the company is generating returns of approximately 6% to 8% on the total capital invested in the business.
4. Return on Equity (ROE) has displayed a similar pattern, fluctuating between 7.85% and 8.15%. ROE signifies the return earned on shareholders' equity, indicating that the company is delivering returns of around 7.2% to 8.2% to its equity investors.
Overall, the profitability ratios of Merit Medical Systems, Inc. illustrate the company's efficiency in utilizing its assets and capital to generate profits, with consistent performance in delivering returns to both asset and equity holders.