Middlesex Water Company (MSEX)
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 | 24.45% | 67.67% | 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% | 70.36% | 71.80% | 71.98% | 72.22% |
| Operating profit margin | 25.54% | 24.92% | 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% | 27.93% | 27.40% | 27.86% | 28.95% |
| Pretax margin | 21.20% | 21.80% | 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% | 24.17% | 24.26% | 24.94% | 26.02% |
| Net profit margin | 20.53% | 20.97% | 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% | 26.64% | 25.60% | 26.26% | 26.42% |
Middlesex Water Co.'s profitability ratios have shown consistent performance with regards to its gross profit margin, operating profit margin, pretax margin, and net profit margin across the quarters analyzed. The company has been able to maintain a perfect gross profit margin of 100% consistently over the periods studied, indicating efficient cost management and pricing strategies.
In terms of operating profit margin, Middlesex Water Co. has demonstrated stable performance with figures ranging from 23.46% to 25.92%. This suggests that the company has been effective in controlling operating expenses relative to its revenue during these periods.
The pretax margin for the company has shown fluctuations, ranging from 19.59% to 28.12%. Despite the variability, the pretax margin has generally remained at healthy levels, indicating the company's ability to generate profits before accounting for taxes.
Net profit margin, which reflects the company's profitability after accounting for all expenses, has also displayed consistency within a range of 18.89% to 28.35%. This ratio highlights Middlesex Water Co.'s ability to efficiently manage costs and generate profits for its shareholders.
Overall, Middlesex Water Co. has exhibited strong profitability ratios, reflecting its ability to generate profits at various levels of operations and maintain a solid financial performance over the quarters analyzed.
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) | 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% | 3.90% | 3.96% | 4.46% | 4.83% |
| Return on assets (ROA) | 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% | 3.72% | 3.70% | 4.21% | 4.41% |
| Return on total capital | 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% | 6.83% | 7.49% | 9.04% | 9.83% |
| Return on equity (ROE) | 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% | 10.40% | 11.81% | 12.79% | 13.45% |
Middlesex Water Co. has shown consistent profitability trends in its key ratios over the past eight quarters.
The Operating Return on Assets (Operating ROA) has generally remained stable, ranging from 3.15% to 3.92% over this period, indicating that the company generates around 3-4% of operating income for each dollar of assets it owns. This suggests efficient asset utilization and operational performance.
The Return on Assets (ROA) has fluctuated somewhat, with a range between 2.54% and 4.12%. While this ratio dipped slightly in recent quarters, it still indicates that Middlesex Water Co. is generating positive returns on its total assets, though with some variability.
The Return on Total Capital has also shown consistent performance, staying between 4.70% and 5.50%. This metric reflects the company's ability to generate returns for both equity and debt holders, showing stability in the overall return on invested capital.
Lastly, the Return on Equity (ROE) has exhibited a similar pattern to ROA, ranging from 7.39% to 10.95%. This indicates that the company is delivering decent returns to its shareholders, albeit with some fluctuation in recent quarters.
Overall, Middlesex Water Co. appears to have maintained a decent level of profitability, with operational efficiency and solid returns generated for both asset and capital providers.