nVent Electric PLC (NVT)
Profitability ratios
Return on sales
| 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 | Sep 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 42.35% | 42.07% | 42.01% | 41.41% | 40.63% | 39.43% | 38.11% | 37.71% | 37.68% | 38.27% | 39.01% | 38.94% | 38.87% | 38.14% | 38.03% | 38.29% | 38.73% | 39.53% | 39.90% | 39.83% |
| Operating profit margin | 19.05% | 18.78% | 18.39% | 17.86% | 17.24% | 16.23% | 15.30% | 14.49% | 14.19% | 14.26% | 14.72% | 14.88% | 4.71% | 2.92% | 1.95% | 2.31% | 13.29% | 14.67% | 15.35% | 15.51% |
| Pretax margin | 15.66% | 15.70% | 15.64% | 18.15% | 18.15% | 17.29% | 16.42% | 13.28% | 12.94% | 12.94% | 13.28% | 12.96% | 2.64% | 0.63% | -0.48% | -1.11% | 9.79% | 11.19% | 11.86% | 13.20% |
| Net profit margin | 17.06% | 17.45% | 17.75% | 15.24% | 15.32% | 14.57% | 13.89% | 11.04% | 10.75% | 10.75% | 11.30% | 11.05% | 1.86% | -0.02% | -2.39% | -2.42% | 7.26% | 8.59% | 10.26% | 11.25% |
nVent Electric PLC has demonstrated relatively stable and consistent profitability ratios over the analyzed periods.
- Gross profit margin has been consistently above 40%, indicating efficient cost management and pricing strategies in generating sales. There has been a slight improvement in recent periods, reaching around 42%.
- Operating profit margin, which reflects the company's ability to control operating expenses, has also been relatively stable around 15% to 19%. There was a significant increase in the operating profit margin in the most recent period, reaching 19.05%, suggesting improved operational efficiency.
- Pretax margin reflects the company's ability to generate profits before taxes. nVent Electric PLC has maintained a pretax margin between 12% to 18%, indicating the company's ability to generate profits consistently over time.
- Net profit margin, which represents the company's profitability after all expenses including taxes, has shown a similar trend to the pretax margin, staying within the range of 10% to 17%. The net profit margin saw a slight decrease in the most recent period to 17.06%, but still remains at a healthy level.
Overall, nVent Electric PLC has maintained healthy profitability ratios, showcasing efficient cost management and consistent profitability levels.
Return on investment
| 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 | Sep 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 10.40% | 10.09% | 9.53% | 9.32% | 8.72% | 9.65% | 8.98% | 8.29% | 8.01% | 7.76% | 7.60% | 7.28% | 2.16% | 1.33% | 0.88% | 1.05% | 5.82% | 6.68% | 7.18% | 7.26% |
| Return on assets (ROA) | 9.32% | 9.37% | 9.20% | 7.95% | 7.75% | 8.66% | 8.16% | 6.32% | 6.06% | 5.85% | 5.84% | 5.41% | 0.85% | -0.01% | -1.08% | -1.11% | 3.18% | 3.91% | 4.80% | 5.27% |
| Return on total capital | 12.82% | 12.57% | 12.01% | 11.49% | 10.66% | 12.26% | 11.59% | 10.82% | 10.50% | 10.20% | 10.18% | 9.69% | 2.82% | 1.72% | 1.15% | 1.34% | 7.24% | 8.34% | 9.15% | 9.06% |
| Return on equity (ROE) | 17.53% | 18.01% | 18.05% | 15.99% | 15.95% | 15.26% | 14.64% | 11.62% | 11.18% | 10.86% | 10.93% | 9.95% | 1.60% | -0.02% | -1.96% | -2.02% | 5.81% | 7.18% | 8.59% | 9.51% |
nVent Electric PLC has shown consistent improvement in its profitability ratios over the past few quarters. The Operating Return on Assets (Operating ROA) has gradually increased from 7.18% in Q4 2019 to 10.40% in Q2 2024, indicating efficient operational management and utilization of assets to generate operating income.
Similarly, the Return on Assets (ROA) has also shown a positive trend, ranging from 3.91% in Q3 2019 to 9.37% in Q2 2024, demonstrating the company's ability to generate profits relative to its total assets.
The Return on Total Capital has consistently improved, with an upward trajectory from 1.15% in Q1 2020 to 12.82% in Q2 2024, implying effective utilization of both equity and debt capital to generate returns for investors.
Furthermore, the Return on Equity (ROE) has shown significant growth, rising from 5.81% in Q3 2019 to 18.01% in Q2 2024, showcasing the company's ability to generate returns for shareholders from their investments.
Overall, nVent Electric PLC's profitability ratios reflect a positive trend, indicating a strong performance in terms of generating profits from its assets, capital, and equity, which bodes well for its financial health and shareholder value.