Neogen Corporation (NEOG)
Profitability ratios
Return on sales
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 26.06% | 25.80% | 25.90% | 25.49% | 24.82% | 24.21% | 23.09% | 23.05% | 26.14% | 30.47% | 30.76% | 31.04% | 31.00% | 26.48% | 26.70% | 26.99% | 26.80% | 26.86% | 26.78% | 26.71% |
| Operating profit margin | 3.80% | 4.04% | 2.85% | 2.36% | 2.29% | 1.86% | 4.04% | 5.56% | 6.75% | 9.22% | 10.54% | 10.71% | 10.95% | 9.39% | 9.44% | 9.28% | 9.11% | 9.38% | 9.40% | 9.48% |
| Pretax margin | -0.01% | 0.18% | -1.52% | -1.38% | -0.77% | -0.15% | 4.25% | 5.71% | 6.82% | 9.29% | 10.56% | 10.86% | 11.31% | 9.84% | 10.02% | 9.94% | 9.70% | 10.09% | 10.17% | 10.15% |
| Net profit margin | 0.09% | 0.65% | -1.49% | -1.44% | -0.96% | -1.32% | 3.43% | 4.58% | 5.45% | 7.49% | 8.50% | 8.79% | 9.11% | 7.96% | 8.17% | 8.18% | 8.10% | 8.27% | 8.25% | 8.37% |
Neogen Corporation's profitability ratios have shown some fluctuations over the past few quarters. The gross profit margin has ranged from 23.05% to 30.76%, with the most recent figure standing at 26.06%. This indicates the company's ability to generate profit from its revenue after accounting for the cost of goods sold, with a stable trend in recent quarters.
The operating profit margin has varied between 1.86% and 10.71%, with the latest reading at 3.80%. This ratio reflects the company's operational efficiency in managing its expenses after deducting both cost of goods sold and operating expenses. Despite some fluctuations, the operating profit margin has generally been positive, suggesting effective cost management.
The pretax margin has shown a wider range, from -1.38% to 11.31%, with the most recent figure at -0.01%. This ratio indicates the company's ability to generate profit before taxes relative to its total revenue. The negative pretax margins in some periods suggest challenges in controlling expenses or generating sufficient revenue to cover costs before taxes.
The net profit margin, ranging from -1.44% to 9.11%, was at 0.09% in the latest period. This ratio reflects the company's ability to generate profit after all expenses, including taxes. The positive net profit margins, although varying, indicate the company's ability to generate bottom-line profit, although recent figures show a slight decrease compared to previous periods.
Overall, Neogen Corporation has demonstrated fluctuating but generally positive profitability ratios, with room for improvement in managing operating expenses and generating higher net profit margins. A focus on cost management and revenue generation strategies may help improve overall profitability in the future.
Return on investment
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 1.51% | 1.58% | 1.11% | 0.82% | 0.71% | 0.50% | 4.39% | 5.90% | 6.20% | 7.26% | 8.26% | 8.06% | 8.39% | 8.41% | 8.54% | 8.47% | 8.57% | 9.05% | 9.41% | 9.79% |
| Return on assets (ROA) | 0.03% | 0.26% | -0.58% | -0.50% | -0.30% | -0.36% | 3.73% | 4.87% | 5.00% | 5.89% | 6.66% | 6.62% | 6.98% | 7.13% | 7.39% | 7.46% | 7.62% | 7.97% | 8.26% | 8.65% |
| Return on total capital | 1.02% | 1.07% | 0.72% | 0.57% | 0.58% | 0.57% | 4.86% | 6.61% | 6.95% | 8.12% | 9.00% | 8.83% | 9.14% | 9.15% | 9.33% | 9.31% | 9.31% | 9.83% | 10.28% | 10.67% |
| Return on equity (ROE) | 0.05% | 0.37% | -0.84% | -0.73% | -0.43% | -0.52% | 4.12% | 5.44% | 5.61% | 6.59% | 7.26% | 7.24% | 7.61% | 7.76% | 8.07% | 8.20% | 8.28% | 8.66% | 9.02% | 9.43% |
Neogen Corporation's profitability ratios exhibit fluctuations over the periods observed. The Operating return on assets (Operating ROA) shows a gradual decrease from 1.51% on Feb 29, 2024, to 0.71% on May 31, 2023. However, there was a significant increase to 8.39% on Nov 30, 2022, and 8.57% on Feb 28, 2022. This ratio measures the company's ability to generate profit from its assets used in operations.
Return on assets (ROA) also displays variability, with a positive trend from -0.58% on Aug 31, 2023, to 0.03% on Feb 29, 2024. This ratio assesses the company's efficiency in utilizing its assets to generate earnings. The highest ROA was recorded at 8.65% on May 31, 2019.
Return on total capital indicates a similar pattern, with a rise from 0.72% on Aug 31, 2023, to 1.02% on Feb 29, 2024. This ratio evaluates the ability of Neogen Corporation to generate profits from its total invested capital. The highest return on total capital was observed at 10.67% on May 31, 2019.
Return on equity (ROE) demonstrates fluctuations, with a decrease from -0.84% on Aug 31, 2023, to 0.05% on Feb 29, 2024. ROE reflects the company's ability to generate profits from shareholders' equity. The highest ROE was achieved at 9.43% on May 31, 2021.
Overall, despite the variability in profitability ratios, Neogen Corporation has shown the ability to generate returns for its stakeholders, although there have been periods of challenges in maximizing profitability from its assets and capital.