MSA Safety (MSA)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 47.67% | 44.10% | 43.95% | 44.17% | 45.55% |
| Operating profit margin | 12.94% | 15.65% | 1.63% | 12.75% | 13.43% |
| Pretax margin | 11.56% | 15.61% | 1.65% | 12.39% | 13.16% |
| Net profit margin | 3.28% | 11.76% | 1.52% | 9.20% | 9.84% |
MSA Safety Inc's profitability ratios have shown varying trends over the past five years. The gross profit margin has generally been improving, with a noticeable increase from 43.79% in 2020 to 47.67% in 2023, indicating a more efficient cost management and pricing strategy.
The operating profit margin has shown fluctuations, notably increasing from 2.82% in 2021 to 21.68% in 2023. This significant improvement suggests better operational efficiency and cost control measures implemented by the company.
The pretax margin has also displayed fluctuations, with a substantial increase from 1.69% in 2021 to 11.56% in 2023. This suggests that MSA Safety Inc has been more effective in managing its pre-tax income relative to its total revenue.
However, the net profit margin has shown a downward trend, decreasing from 9.72% in 2019 to 3.27% in 2023. This may indicate rising expenses or lower net income relative to revenue for the company.
Overall, MSA Safety Inc has shown improvements in its gross profit margin and operating profit margin, signaling better cost management and operational efficiency. However, the declining trend in the net profit margin warrants further investigation into the company's expenses and net income generation.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 10.66% | 10.06% | 0.95% | 8.95% | 10.56% |
| Return on assets (ROA) | 2.70% | 7.56% | 0.89% | 6.46% | 7.74% |
| Return on total capital | 16.43% | 17.47% | 2.37% | 15.67% | 18.79% |
| Return on equity (ROE) | 6.06% | 19.45% | 2.56% | 14.79% | 19.01% |
MSA Safety Inc's profitability ratios show varying performance over the past five years.
Operating return on assets (Operating ROA) has fluctuated, with a significant improvement in 2023 to 17.86% from 11.69% in 2022. This ratio indicates how efficiently the company is generating profits from its assets and operations.
Return on assets (ROA) has also shown fluctuations, with a notable increase in 2022 to 7.55% from 0.89% in 2021. Though the ratio decreased in 2023 to 2.70%, it is still positive, reflecting the company's ability to generate profit relative to its total assets.
Return on total capital has shown similar trends, with a peak of 24.71% in 2023. This ratio signifies the return the company is able to generate on its total invested capital, including both equity and debt.
Return on equity (ROE) has been on a rollercoaster, dropping to 2.55% in 2021 before rebounding to 19.44% in 2022. However, it dipped again to 6.05% in 2023. ROE reflects the return the company is generating on the shareholders' equity.
Overall, while MSA Safety Inc showed improvements in some profitability ratios, the fluctuations in others indicate the company's varying performance in generating profits from its assets, capital, and equity over the past five years.