Middlesex Water Company (MSEX)
Profitability ratios
Return on sales
| Dec 31, 2024 | Sep 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 89.95% | 35.58% | 30.48% | 25.75% | 23.39% | 66.26% | 68.46% | 68.66% | 70.01% | 70.94% | 70.16% | 69.91% | 68.10% | 70.24% | 70.13% | 69.87% | 69.86% | 70.89% | 70.63% | 70.40% |
| Operating profit margin | 27.73% | 27.77% | 26.43% | 25.16% | 24.43% | 24.40% | 26.94% | 26.92% | 29.37% | 29.42% | 27.44% | 27.80% | 24.55% | 25.90% | 27.18% | 27.13% | 27.93% | 27.81% | 27.37% | 27.40% |
| Pretax margin | 26.71% | 25.96% | 24.17% | 22.93% | 20.28% | 21.34% | 24.97% | 25.36% | 28.34% | 28.28% | 25.77% | 26.03% | 22.96% | 23.80% | 25.45% | 25.16% | 25.61% | 25.41% | 24.45% | 24.12% |
| Net profit margin | 23.11% | 22.53% | 21.13% | 21.98% | 19.64% | 20.54% | 23.39% | 23.04% | 26.33% | 27.46% | 26.97% | 28.93% | 27.01% | 27.67% | 28.59% | 27.97% | 28.68% | 28.98% | 28.24% | 27.39% |
Middlesex Water Company's profitability ratios have shown some fluctuations over the past few years.
1. Gross Profit Margin: The gross profit margin remained relatively stable around 70% from March 2020 to September 2022. However, there was a sharp decline to 23.39% by December 2023, followed by a significant increase to 89.95% by December 2024. This suggests fluctuating cost structures or pricing strategies.
2. Operating Profit Margin: The operating profit margin maintained a relatively steady range around 27% from March 2020 to June 2023. However, there was a decline in the margin to 24.43% by December 2023, followed by a slight increase to 27.73% by December 2024.
3. Pretax Margin: The pretax margin fluctuated between 20-28% from March 2020 to December 2023. There was a decline to 20.28% by December 2023, followed by an increase to 26.71% by December 2024. This indicates variability in the company's profitability before accounting for taxes.
4. Net Profit Margin: The net profit margin exhibited fluctuations, ranging from 19-28% from March 2020 to March 2023. There was a decline to 19.64% by December 2023 and subsequent improvement to 23.11% by December 2024. This indicates changes in the company's bottom line profitability after accounting for all expenses.
Overall, the profitability ratios of Middlesex Water Company have shown variability over the years, with some periods of decline followed by improvements. It may be essential for the company to closely monitor and manage its costs, pricing strategies, and operational efficiency to ensure sustained profitability in the future.
Return on investment
| Dec 31, 2024 | Sep 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 4.24% | 4.14% | 3.63% | 3.33% | 3.17% | 3.15% | 3.80% | 3.85% | 4.41% | 4.28% | 3.89% | 3.73% | 3.26% | 3.42% | 3.64% | 3.70% | 3.83% | 3.82% | 3.73% | 3.74% |
| Return on assets (ROA) | 3.53% | 3.36% | 2.90% | 2.91% | 2.55% | 2.65% | 3.30% | 3.29% | 3.95% | 3.99% | 3.82% | 3.88% | 3.58% | 3.65% | 3.83% | 3.82% | 3.94% | 3.98% | 3.85% | 3.74% |
| Return on total capital | 7.92% | 7.82% | 7.21% | 6.59% | 5.85% | 5.99% | 6.66% | 6.82% | 7.97% | 7.51% | 6.72% | 6.69% | 5.95% | 6.38% | 6.72% | 6.64% | 6.73% | 7.13% | 6.90% | 6.83% |
| Return on equity (ROE) | 9.96% | 9.35% | 8.54% | 8.50% | 7.45% | 7.85% | 9.05% | 8.97% | 10.60% | 10.68% | 10.29% | 11.04% | 9.94% | 10.32% | 10.88% | 10.73% | 11.03% | 11.10% | 10.90% | 10.62% |
Middlesex Water Company's profitability ratios show fluctuations over the periods analyzed.
1. Operating return on assets (Operating ROA) ranged from 3.26% to 4.41%. It indicates the company's ability to generate profits from its operational assets.
2. Return on assets (ROA) varied between 2.55% and 3.94%. This ratio reflects the company's overall efficiency in utilizing its assets to generate profits.
3. Return on total capital fluctuated between 5.85% and 7.97%. This ratio signifies the profitability of the company concerning its total capital employed, including both debt and equity.
4. Return on equity (ROE) ranged from 7.45% to 11.10%. ROE shows the return generated on shareholders' equity investment and reflects how well the company is utilizing shareholders' funds.
Overall, the company's profitability ratios reflect some variability, indicating different levels of efficiency and profitability in utilizing its assets and capital over the periods analyzed.