OGE Energy Corporation (OGE)
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 | 41.39% | 40.59% | 36.35% | 34.29% | 33.79% | 34.58% | 37.80% | 40.07% | 27.55% | 28.59% | 29.00% | 29.47% | 83.74% | 96.68% | 95.98% | 94.93% | 56.26% | 57.01% | 56.63% | 56.41% |
| Operating profit margin | 24.31% | 22.91% | 20.12% | 19.23% | 19.24% | 19.69% | 21.34% | 22.15% | 14.89% | 15.33% | 15.27% | 15.49% | 24.61% | 24.18% | 24.34% | 23.51% | 22.60% | 21.67% | 20.10% | 20.85% |
| Pretax margin | 17.69% | 17.12% | 16.43% | 14.95% | 23.38% | 35.10% | 39.21% | 44.01% | 24.04% | 15.56% | 14.67% | 14.71% | -14.19% | -16.15% | -13.97% | -14.00% | 20.77% | 21.71% | 20.63% | 20.90% |
| Net profit margin | 15.59% | 14.86% | 13.98% | 12.70% | 19.72% | 28.80% | 32.56% | 36.90% | 20.18% | 13.29% | 11.72% | 11.16% | -8.18% | -9.15% | -5.53% | -4.85% | 19.43% | 19.94% | 18.39% | 18.42% |
Oge Energy Corp.'s profitability ratios have shown varying trends over the past eight quarters. The gross profit margin has been mostly improving, starting at 50.75% in Q4 2022 and reaching 65.91% in Q4 2023, indicating the company's ability to efficiently control production costs.
The operating profit margin has also generally increased from 19.24% in Q4 2022 to 24.31% in Q4 2023, suggesting effective management of operating expenses.
However, the pretax margin has fluctuated significantly, with a sharp decline from 23.38% in Q4 2022 to 14.95% in Q1 2023 before showing a recovery trend. This indicates fluctuating performance in generating profits before accounting for taxes.
The net profit margin has shown a similar trend to the pretax margin, with notable fluctuations but a general decreasing trend from 19.72% in Q4 2022 to 15.59% in Q4 2023. This may signal challenges in controlling other expenses after accounting for taxes and interest.
Overall, while Oge Energy Corp. has displayed improvements in gross and operating profit margins, the fluctuations in pretax and net profit margins suggest the need for further analysis to identify and address underlying factors affecting profitability.
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) | 5.08% | 5.07% | 5.02% | 5.03% | 5.18% | 5.07% | 4.72% | 4.42% | 4.32% | 4.48% | 4.36% | 4.36% | 4.87% | 4.86% | 5.04% | 4.93% | 4.57% | 4.44% | 4.09% | 4.39% |
| Return on assets (ROA) | 3.26% | 3.29% | 3.49% | 3.32% | 5.31% | 7.42% | 7.20% | 7.36% | 5.85% | 3.88% | 3.34% | 3.15% | -1.62% | -1.84% | -1.15% | -1.02% | 3.93% | 4.09% | 3.74% | 3.88% |
| Return on total capital | 7.84% | 7.70% | 8.06% | 8.01% | 11.96% | 11.78% | 11.70% | 10.81% | 7.89% | 8.14% | 7.63% | 8.63% | -2.50% | -2.66% | -2.16% | -2.36% | 8.25% | 8.03% | 7.71% | 8.40% |
| Return on equity (ROE) | 9.24% | 9.23% | 10.04% | 9.71% | 15.08% | 21.05% | 21.71% | 22.62% | 18.18% | 12.40% | 10.93% | 10.28% | -4.78% | -5.27% | -3.36% | -2.96% | 10.47% | 10.82% | 10.16% | 10.50% |
Oge Energy Corp.'s profitability ratios exhibit fluctuating trends over the past eight quarters.
1. Operating return on assets (Operating ROA) remained relatively stable between Q1 2022 and Q2 2023, ranging from 4.42% to 5.08%. This metric indicates the company's ability to generate operating profits from its assets.
2. Return on assets (ROA) displayed more variability, with values ranging from 3.26% in Q4 2023 to 7.42% in Q3 2022. ROA represents the overall profitability of the company based on its total assets.
3. Return on total capital showed a slightly declining trend, fluctuating between 6.87% and 7.95% during the same period. This ratio assesses the company's ability to generate profits from both equity and debt capital.
4. Return on equity (ROE) declined from a high of 22.62% in Q1 2022 to 9.24% in Q4 2023. ROE reflects the return generated for shareholders' equity investment.
In summary, Oge Energy Corp.'s profitability ratios indicate some inconsistency in performance, with varying levels of return on assets, operating return on assets, return on total capital, and return on equity over the past eight quarters. Further analysis of the company's financial performance and strategies may be required to understand the underlying factors driving these fluctuations.