Par Pacific Holdings Inc (PARR)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 14.64% | 10.96% | 4.90% | -1.56% | 8.45% |
| Operating profit margin | 8.32% | 6.03% | -0.16% | -10.41% | 2.78% |
| Pretax margin | 7.50% | 5.02% | -1.73% | -14.07% | -0.54% |
| Net profit margin | 8.91% | 5.01% | -1.75% | -13.39% | 0.77% |
The profitability ratios of Par Pacific Holdings Inc have shown a mixed trend over the past five years.
1. Gross profit margin: The company's gross profit margin has generally improved from 2019 to 2023, indicating more efficient cost management and pricing strategies.
2. Operating profit margin: The operating profit margin has also seen a positive trend, with steady improvement since 2019. This suggests better operational efficiency and cost control measures.
3. Pretax margin: The pretax margin has fluctuated over the years, but has generally shown improvement since 2019. This could be attributed to better revenue generation and operational performance.
4. Net profit margin: The net profit margin has shown significant improvement since 2019, indicating that the company has been able to generate more profit from its revenue. This could be driven by cost-cutting initiatives, improved operational efficiency, or revenue growth strategies.
Overall, the profitability ratios of Par Pacific Holdings Inc have displayed positive trends in recent years, reflecting better financial health and performance of the company.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 17.60% | 13.35% | -0.30% | -14.90% | 5.48% |
| Return on assets (ROA) | 18.86% | 11.10% | -3.16% | -19.17% | 1.51% |
| Return on total capital | 34.60% | 38.03% | -1.68% | -40.18% | 3.68% |
| Return on equity (ROE) | 54.56% | 56.50% | -30.60% | -166.11% | 6.30% |
Par Pacific Holdings Inc has shown a positive trend in profitability ratios over the past five years. The operating return on assets (Operating ROA) has improved significantly from -2.74% in 2021 to 18.68% in 2023, indicating that the company has been more efficient in generating operating income relative to its total assets.
Similarly, the return on assets (ROA) has also seen a notable increase from -3.16% in 2021 to 18.86% in 2023, reflecting the company's ability to generate profit from its total assets. The return on total capital has followed a similar positive trend, increasing from -4.47% in 2021 to 28.30% in 2023, indicating improved profitability relative to the total capital employed.
Additionally, the return on equity (ROE) has shown a consistent improvement, reaching 54.56% in 2023 from -30.60% in 2021. This demonstrates the company's ability to generate a higher return for its shareholders' equity.
Overall, the positive trend in profitability ratios suggests that Par Pacific Holdings Inc has been successful in enhancing profitability and efficiency in utilizing its assets and capital over the past five years.