Neogen Corporation (NEOG)
Profitability ratios
Return on sales
| Aug 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 25.58% | 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% |
| Operating profit margin | 2.69% | 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% |
| Pretax margin | -1.32% | -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% |
| Net profit margin | -0.93% | 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% |
Neogen Corporation's profitability ratios have shown some fluctuations over the analyzed periods. The gross profit margin has generally remained in the range of 23% to 27%, with a slight decline in recent periods. The operating profit margin has also varied, with a notable decrease in May 2022, followed by a recovery and subsequent fluctuations.
The pretax margin has been negative in some periods, indicating challenges in generating profit before accounting for taxes. However, there has been an overall improvement in profitability as reflected in the increasing trend from negative margins to positive margins. The net profit margin has shown similar trends, with periods of negative margins followed by improvements towards positive margins.
Overall, Neogen Corporation's profitability ratios demonstrate an ability to generate profit, albeit with some variability. Management may need to focus on cost control, revenue growth, and operational efficiency to stabilize and potentially improve profitability in the future.
Return on investment
| Aug 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 1.06% | 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% |
| Return on assets (ROA) | -0.37% | 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% |
| Return on total capital | 0.64% | 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% |
| Return on equity (ROE) | -0.53% | 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% |
Neogen Corporation's profitability ratios have shown varying trends over the past few quarters.
1. Operating return on assets (Operating ROA) has fluctuated within a narrow range, with a downward trend from the high of 9.41% in the quarter ending August 2021 to the low of 0.50% in the quarter ending November 2022, before showing slight improvement.
2. Return on assets (ROA) has also been unstable, with negative values observed in some quarters, indicating challenges in generating profits from its assets. However, there has been some recovery, showing a positive trend overall.
3. Return on total capital displays a similar pattern to Operating ROA, with a decline from a peak of 10.28% in the quarter ending August 2019 to lower levels in recent quarters.
4. Return on equity (ROE) has shown a similar trend to ROA, with fluctuations and some negative values. It has generally been improving, with positive growth observed.
Overall, Neogen Corporation's profitability ratios suggest that the company has experienced some challenges in generating consistent profits from its assets and capital, but there are signs of improvement in recent quarters. Further analysis of the company's operations and financial strategies may be needed to assess its performance and sustainability in the long term.