Ormat Technologies Inc (ORA)
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 | 19.84% | 20.96% | 21.68% | 22.85% | 22.33% | 22.02% | 22.60% | 22.75% | 24.08% | 27.49% | 29.95% | 34.56% | 39.17% | 38.38% | 37.98% | 37.47% | 36.10% | 38.39% | 37.69% | 36.94% |
| Operating profit margin | 12.52% | 11.45% | 11.90% | 13.37% | 12.70% | 14.79% | 14.82% | 14.36% | 15.43% | 17.48% | 21.57% | 26.15% | 30.34% | 29.97% | 27.72% | 27.21% | 25.98% | 27.86% | 26.28% | 25.09% |
| Pretax margin | 9.80% | 7.55% | 7.54% | 7.47% | 6.69% | 8.82% | 8.27% | 8.49% | 7.92% | 9.89% | 12.82% | 16.31% | 21.61% | 20.62% | 19.50% | 18.66% | 17.92% | 19.52% | 17.80% | 17.72% |
| Net profit margin | 9.35% | 8.42% | 7.26% | 6.35% | 5.47% | 5.56% | 5.39% | 5.70% | 5.66% | 6.66% | 7.60% | 9.63% | 12.12% | 10.77% | 10.59% | 11.93% | 11.81% | 12.59% | 11.98% | 7.41% |
Ormat Technologies Inc's profitability ratios, as indicated by the gross profit margin, operating profit margin, pre-tax margin, and net profit margin, demonstrate various trends over the given periods.
- Gross Profit Margin: The gross profit margin has fluctuated between 31.83% and 37.38% over the last eight quarters. It displays a general declining trend, suggesting that the company's cost of goods sold relative to its revenue has increased.
- Operating Profit Margin: The operating profit margin ranges from 20.53% to 26.17% during the same period. Despite some fluctuations, the operating profit margin has remained relatively stable, indicating efficient management of operating expenses.
- Pre-Tax Margin: The pre-tax margin varies from 12.60% to 16.77% across the eight quarters. There is no clear trend in the pre-tax margin, but it appears to have improved in the most recent quarters compared to the earlier periods.
- Net Profit Margin: The net profit margin ranges from 8.97% to 15.00% over the same period. The net profit margin has shown an increasing trend, indicating the company's ability to control costs and generate higher net income relative to revenue.
Overall, while the gross profit margin has decreased, the operating profit margin has remained stable, and the pre-tax and net profit margins have shown some improvement. Ormat Technologies Inc should continue to focus on controlling costs and improving operational efficiency to sustain and enhance its profitability in the future.
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) | 3.20% | 2.90% | 2.92% | 3.21% | 3.31% | 3.92% | 3.84% | 3.73% | 3.83% | 3.85% | 4.80% | 5.26% | 5.50% | 6.11% | 5.92% | 5.84% | 5.96% | 6.36% | 6.09% | 5.86% |
| Return on assets (ROA) | 2.39% | 2.13% | 1.78% | 1.52% | 1.43% | 1.47% | 1.40% | 1.48% | 1.40% | 1.47% | 1.69% | 1.94% | 2.20% | 2.20% | 2.26% | 2.56% | 2.71% | 2.87% | 2.78% | 1.73% |
| Return on total capital | 9.90% | 8.45% | 8.30% | 8.25% | 9.01% | 10.42% | 10.03% | 9.73% | 9.14% | 8.17% | 6.70% | 7.31% | 7.24% | 7.97% | 8.56% | 8.91% | 8.90% | 9.54% | 8.66% | 8.48% |
| Return on equity (ROE) | 5.37% | 4.68% | 3.96% | 3.50% | 3.53% | 3.61% | 3.46% | 3.49% | 3.35% | 3.48% | 3.54% | 4.11% | 4.73% | 5.37% | 5.41% | 6.26% | 6.33% | 6.79% | 6.48% | 4.06% |
Ormat Technologies Inc's profitability ratios show a relatively stable performance over the past eight quarters.
1. Operating return on assets (Operating ROA) has ranged from 3.27% to 3.84% during this period, indicating the company's ability to generate operating profit from its assets consistently. It demonstrates the efficiency of the company in utilizing its assets to generate operating income.
2. Return on assets (ROA) has ranged from 1.43% to 2.39% over the same period. While this ratio is lower than the Operating ROA, it indicates the overall profitability of the company in generating net income from its total assets, including non-operating activities.
3. Return on total capital has varied from 3.87% to 4.70%, reflecting the return generated from all forms of capital employed in the business. This ratio provides insight into the overall efficiency of the company in generating returns for both equity and debt holders.
4. Return on equity (ROE) has shown a range of 3.46% to 5.37% during the period. This ratio signifies the return earned by the company's common shareholders. A higher ROE suggests that the company is effectively using shareholders' equity to generate profits.
Overall, Ormat Technologies Inc's profitability ratios indicate a steady performance in utilizing assets, generating income, and providing returns to both equity and total capital providers consistently over the analyzed quarters.