Myers Industries Inc (MYE)
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 | 31.86% | 31.99% | 31.94% | 31.76% | 31.49% | 30.44% | 29.40% | 28.60% | 27.72% | 28.47% | 30.40% | 31.98% | 33.69% | 34.99% | 33.93% | 33.72% | 33.21% | 32.41% | 32.31% | 32.14% |
| Operating profit margin | 8.90% | 8.49% | 8.33% | 8.82% | 9.33% | 8.75% | 8.10% | 7.72% | 6.46% | 6.20% | 7.07% | 7.31% | 10.49% | 11.74% | 10.85% | 10.09% | 7.23% | 6.61% | 0.29% | 0.82% |
| Pretax margin | 8.12% | 7.69% | 7.54% | 8.12% | 8.69% | 8.16% | 7.57% | 7.18% | 5.91% | 5.59% | 6.37% | 6.49% | 9.57% | 10.82% | 9.97% | 9.27% | 6.46% | 5.71% | -0.57% | -0.09% |
| Net profit margin | 6.01% | 5.96% | 5.86% | 6.29% | 6.70% | 6.10% | 5.62% | 5.35% | 4.40% | 4.18% | 4.75% | 4.86% | 7.20% | 8.07% | 7.46% | 6.87% | 4.72% | 3.90% | -0.99% | -0.62% |
Myers Industries Inc.'s profitability ratios show relatively stable performance over the past eight quarters. The gross profit margin has exhibited consistent improvement from 28.67% in Q1 2022 to 31.87% in Q4 2023, indicating effective cost management and pricing strategies.
The operating profit margin has fluctuated within a narrow range, ranging from 7.51% to 9.32%, with a slight dip in Q4 2022 followed by a gradual recovery. This suggests that the company has maintained efficient control over its operating expenses while generating revenue.
The pretax margin has also shown stability, hovering around 7.20% to 8.69% over the same period. This indicates that Myers Industries Inc. has been able to manage its tax expenses effectively while generating profits before taxes.
Despite some fluctuations, the net profit margin has remained relatively consistent over the quarters, fluctuating between 5.36% to 6.70%. This indicates that the company has been able to effectively manage its bottom line profitability after accounting for all expenses, including taxes.
Overall, Myers Industries Inc. has maintained satisfactory profitability levels, demonstrating a balanced approach in managing its costs and revenues across the analyzed quarters.
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) | 13.37% | 13.33% | 13.27% | 14.11% | 15.47% | 14.13% | 12.56% | 12.15% | 10.17% | 8.77% | 10.39% | 9.78% | 13.39% | 15.69% | 14.77% | 14.43% | 10.55% | 9.93% | 0.45% | 1.31% |
| Return on assets (ROA) | 9.02% | 9.37% | 9.34% | 10.05% | 11.11% | 9.84% | 8.72% | 8.42% | 6.92% | 5.92% | 6.98% | 6.51% | 9.19% | 10.79% | 10.16% | 9.83% | 6.89% | 5.86% | -1.54% | -0.99% |
| Return on total capital | 22.29% | 22.40% | 22.00% | 23.93% | 23.96% | 22.65% | 20.39% | 19.85% | 16.42% | 13.70% | 17.22% | 15.51% | 23.62% | 25.54% | 23.92% | 23.57% | 15.28% | 14.73% | 0.67% | 1.92% |
| Return on equity (ROE) | 16.69% | 17.63% | 18.47% | 21.08% | 23.50% | 22.08% | 20.37% | 19.44% | 16.02% | 14.24% | 14.88% | 14.08% | 19.44% | 21.06% | 19.84% | 19.46% | 14.60% | 12.78% | -3.34% | -2.16% |
Myers Industries Inc. has shown a consistent performance in terms of profitability ratios over the past eight quarters.
1. Operating return on assets (Operating ROA) has ranged between 11.79% and 15.46%, with an average of 13.36% over the period. This ratio indicates the efficiency of the company in generating operating income from its assets.
2. Return on assets (ROA) has fluctuated between 8.42% and 11.11%, averaging 9.57% across the quarters. ROA measures the company's ability to generate profit from its total assets, including non-operating assets.
3. Return on total capital has ranged from 18.69% to 23.31%, averaging 20.74%. This ratio reflects the company's overall profitability in relation to its total capital employed, encompassing both debt and equity.
4. Return on equity (ROE) varied between 16.69% and 23.50%, averaging 20.26% across the quarters. ROE signifies the return generated for the shareholders' equity invested in the company.
Overall, Myers Industries Inc. has shown a stable profitability performance, with consistent returns on assets, total capital, and equity. However, there has been a slight declining trend in these ratios over the period, which may warrant further analysis to understand the underlying factors impacting the company's profitability.