NewJersey Resources Corporation (NJR)
Profitability ratios
Return on sales
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 99.21% | 99.24% | 99.22% | 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% |
| Operating profit margin | 19.97% | 16.84% | 17.16% | 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% |
| Pretax margin | 16.33% | 13.25% | 13.33% | 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% |
| Net profit margin | 12.63% | 10.55% | 11.38% | 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% |
NewJersey Resources Corporation's profitability ratios have shown fluctuations over the past few quarters. The gross profit margin has generally remained high, indicating strong control over production and operating costs. However, there was a significant decline in the margin in the earlier quarters of 2022, which has since improved.
The operating profit margin has shown an increasing trend, suggesting that the company is effectively managing its operating expenses to generate profits. This improvement indicates operational efficiency. However, the margins are still lower compared to the most recent quarter.
The pretax margin has also shown improvement over the quarters, reflecting the company's ability to generate profits before accounting for taxes. The higher pretax margin indicates better overall profitability performance, although there were fluctuations in the earlier periods.
The net profit margin, which represents the amount of profit the company retains after all expenses have been deducted, has also shown a mixed trend. While there has been a general improvement in profitability, the margins are still fluctuating. The company needs to focus on sustaining and enhancing its net profit margins for long-term sustainability and growth.
Overall, NewJersey Resources Corporation has demonstrated a varying trend in profitability ratios over the quarters, showing areas of strength in cost management and profitability generation, but also highlighting the need for consistent performance improvement.
Return on investment
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 6.56% | 5.55% | 5.64% | 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% |
| Return on assets (ROA) | 4.15% | 3.47% | 3.74% | 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% |
| Return on total capital | 21.92% | 8.53% | 8.80% | 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% |
| Return on equity (ROE) | 13.17% | 11.00% | 11.42% | 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% |
NewJersey Resources Corporation's profitability ratios show varying trends over the past several quarters.
- Operating return on assets (Operating ROA) has ranged between 4.62% to 7.13% over the periods. This ratio indicates that the company generates operating income relative to its total assets, with higher values indicating better efficiency in asset utilization.
- Return on assets (ROA) has fluctuated between 1.61% to 4.70% during the periods analyzed. ROA measures the company's overall profitability in relation to its total assets, showcasing how effectively the company is utilizing its assets to generate profits.
- Return on total capital has shown a broader range of values from 5.21% to 21.92% over the period. This ratio reflects the company's ability to generate returns on the total capital employed, including debt and equity.
- Return on equity (ROE) has varied between 5.29% to 15.13% across the quarters. ROE measures how effectively the company is generating profits from shareholders' equity, showcasing the company's ability to deliver returns to its equity investors.
Overall, NewJersey Resources Corporation's profitability ratios demonstrate the company's performance in generating profits in relation to its assets, capital, and shareholders' equity over the analyzed periods. The fluctuations in these ratios indicate the company's ability to adapt to changing market conditions and effectively utilize its resources to enhance profitability.