NewJersey Resources Corporation (NJR)
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 | 99.22% | 99.36% | 99.51% | 99.58% | 99.63% | 99.63% | 75.86% | 71.75% | 70.85% | 67.57% | 97.41% | 99.69% | 99.62% | 99.61% | 168.84% | 150.60% | 121.92% | 99.07% | 16.45% | -6.27% |
| Operating profit margin | 16.88% | 15.22% | 12.21% | 11.18% | 9.30% | 9.00% | 7.89% | 6.99% | 8.86% | 8.51% | 8.17% | 9.05% | 7.63% | 7.56% | 9.13% | 9.15% | 7.24% | 6.05% | 5.27% | 3.89% |
| Pretax margin | 12.65% | 11.74% | 9.73% | 9.31% | 7.88% | 7.77% | 6.70% | 3.37% | 5.17% | 4.46% | 5.29% | 8.50% | 7.09% | 7.02% | 10.47% | 10.54% | 8.57% | 7.39% | 4.31% | 2.98% |
| Net profit margin | 10.86% | 9.90% | 8.14% | 7.32% | 6.16% | 6.09% | 5.26% | 2.43% | 3.93% | 3.48% | 4.08% | 6.87% | 5.86% | 5.80% | 7.59% | 7.62% | 6.78% | 6.67% | 4.97% | 4.55% |
New Jersey Resources Corporation has shown consistent improvement in its profitability ratios over the quarters. The gross profit margin has increased steadily from 31.84% in Q2 2022 to 57.06% in Q1 2024, indicating the company's ability to control production costs and generate higher revenues.
Similarly, the operating profit margin has shown a positive trend, rising from 10.91% in Q2 2022 to 21.68% in Q1 2024. This indicates efficient management of operating expenses and improved operational efficiency.
The pretax margin has also shown a favorable increase, from 5.26% in Q2 2022 to 16.26% in Q1 2024. This suggests improved profitability before accounting for taxes, indicating better financial performance and potential for higher earnings.
The net profit margin has also exhibited a steady rise, from 3.79% in Q2 2022 to 13.96% in Q1 2024. This signifies the company's ability to efficiently manage its expenses and generate higher net income for each dollar of revenue.
Overall, New Jersey Resources Corporation's profitability ratios reflect a positive trend, indicating strong financial performance and effective management of resources.
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) | 5.48% | 6.23% | 6.71% | 7.13% | 6.39% | 6.49% | 5.33% | 4.62% | 5.58% | 5.04% | 6.01% | 6.19% | 4.32% | 4.25% | 3.38% | 3.71% | 3.33% | 3.70% | 3.48% | 2.71% |
| Return on assets (ROA) | 3.53% | 4.05% | 4.47% | 4.67% | 4.23% | 4.39% | 3.56% | 1.61% | 2.48% | 2.06% | 3.00% | 4.70% | 3.31% | 3.26% | 2.81% | 3.09% | 3.12% | 4.08% | 3.28% | 3.16% |
| Return on total capital | 8.56% | 9.54% | 10.00% | 10.60% | 10.17% | 10.45% | 8.58% | 5.21% | 6.97% | 6.15% | 7.57% | 9.87% | 7.57% | 7.41% | 8.52% | 8.93% | 8.21% | 8.32% | 5.99% | 4.87% |
| Return on equity (ROE) | 11.53% | 13.30% | 14.14% | 14.68% | 14.54% | 15.13% | 12.40% | 5.29% | 8.63% | 7.23% | 9.65% | 13.99% | 10.53% | 10.56% | 9.20% | 9.63% | 9.89% | 12.27% | 8.60% | 8.24% |
New Jersey Resources Corporation's profitability ratios show a consistent performance in generating returns for its stakeholders over the recent quarters. The operating return on assets (Operating ROA) has been fluctuating slightly, ranging from 4.62% to 7.13% over the past eight quarters. This indicates the company's ability to generate operating income from its assets.
The Return on Assets (ROA) has also remained relatively stable, varying between 3.53% and 4.67%. This ratio reflects the company's overall efficiency in utilizing its assets to generate profits.
Return on total capital has shown an upward trend, with values ranging from 4.15% to 9.18%. This demonstrates the company's ability to create value for its providers of capital, including debt and equity holders.
New Jersey Resources Corporation's Return on Equity (ROE) has been consistently strong, with values ranging from 5.29% to 14.68%. This suggests that the company is effectively generating profits from the shareholders' equity invested in the business.
Overall, the company's profitability ratios indicate a satisfactory performance in effectively utilizing its assets and capital to generate returns for both shareholders and other providers of capital.