Ingevity Corp (NGVT)
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 | 29.58% | 31.58% | 33.72% | 34.86% | 35.54% | 36.37% | 36.62% | 37.46% | 38.35% | 38.75% | 39.90% | 38.22% | 38.29% | 37.63% | 36.80% | 38.40% | 37.37% | 37.04% | 36.76% | 28.90% |
| Operating profit margin | 24.88% | 24.96% | 26.08% | 27.11% | 28.21% | 29.23% | 30.06% | 31.13% | 31.57% | 32.84% | 34.55% | 32.94% | 32.73% | 31.68% | 29.87% | 31.18% | 30.77% | 29.97% | 29.22% | 22.71% |
| Pretax margin | -0.63% | 9.98% | 13.56% | 15.87% | 16.81% | 18.27% | 12.41% | 12.76% | 12.17% | 13.97% | 21.71% | 19.36% | 19.34% | 18.75% | 17.46% | 20.02% | 17.67% | 17.11% | 16.83% | 12.89% |
| Net profit margin | -0.34% | 7.74% | 10.57% | 12.48% | 13.19% | 14.38% | 9.97% | 9.30% | 8.83% | 9.76% | 15.64% | 14.81% | 14.92% | 15.06% | 13.91% | 15.86% | 14.24% | 14.35% | 14.05% | 10.85% |
Ingevity Corp's profitability ratios have shown a general downward trend over the past eight quarters. The gross profit margin has declined consistently from 36.07% in Q1 2022 to 27.89% in Q4 2023, indicating a decrease in the company's ability to generate profit from its core operations.
Similarly, the operating profit margin has also shown a decline, dropping from 21.88% in Q1 2022 to 15.15% in Q4 2023. This suggests that the company's operating efficiency has decreased, leading to lower profitability after accounting for operating expenses.
The pretax margin has been volatile, with negative figures in Q4 2023 and Q1 2023. This indicates that the company has faced challenges in generating profits before accounting for taxes. However, there was a notable improvement in Q2 2023 and Q3 2023.
The net profit margin, a key measure of overall profitability, has also shown a decreasing trend, falling from 13.90% in Q3 2022 to -0.32% in Q4 2023. This indicates that the company's ability to convert revenue into profit after all expenses, including taxes and interest, has weakened over time.
Overall, based on the profitability ratios, Ingevity Corp's financial performance has deteriorated, highlighting potential challenges in managing costs, generating revenue, and controlling expenses.
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) | 15.13% | 14.79% | 15.45% | 15.78% | 16.54% | 19.61% | 18.56% | 17.75% | 17.10% | 18.69% | 19.32% | 17.55% | 17.04% | 16.74% | 16.60% | 17.24% | 18.53% | 17.89% | 16.71% | 15.99% |
| Return on assets (ROA) | -0.21% | 4.59% | 6.27% | 7.27% | 7.73% | 9.65% | 6.16% | 5.30% | 4.78% | 5.56% | 8.74% | 7.89% | 7.77% | 7.96% | 7.73% | 8.77% | 8.58% | 8.57% | 8.03% | 7.64% |
| Return on total capital | 62.84% | 56.95% | 61.21% | 60.29% | 64.81% | 72.24% | 67.13% | 63.52% | 62.66% | 70.36% | 67.04% | 62.18% | 61.97% | 61.28% | 69.71% | 80.78% | 74.77% | 85.52% | 88.79% | 93.92% |
| Return on equity (ROE) | -0.86% | 17.67% | 24.81% | 27.77% | 30.30% | 35.54% | 22.27% | 18.98% | 17.53% | 20.92% | 30.34% | 27.95% | 28.25% | 29.12% | 32.45% | 41.09% | 34.61% | 40.94% | 42.70% | 44.88% |
Ingevity Corp's profitability ratios exhibit mixed performance over the past eight quarters.
1. Operating return on assets (Operating ROA) has been on a declining trend, from 14.92% in Q3 2022 to 9.77% in Q4 2023. This indicates that the company's operating profit generated from its assets has been decreasing over time.
2. Return on assets (ROA) also shows fluctuating results, with negative values in Q4 2023 and low values in Q1 2023, Q2 2023, and Q3 2023. This suggests that the company's overall profitability relative to its total assets has been volatile.
3. Return on total capital has also experienced fluctuations, with a general downward trend from 19.49% in Q3 2022 to 12.22% in Q4 2023. This ratio indicates how efficiently the company is generating returns from all sources of capital invested in the business.
4. Return on equity (ROE) shows a mix of strong and weak performance, with peaks in Q4 2022 and Q1 2023, followed by a decline to -0.86% in Q4 2023. ROE measures the company's ability to generate profit from shareholders' equity and is critical for assessing shareholder value.
Overall, Ingevity Corp's profitability ratios suggest that the company has experienced variability in its ability to generate profits relative to its assets, capital, and equity over the past eight quarters. It is important for investors and analysts to closely monitor these ratios to understand the company's financial performance and future prospects.