Patrick Industries Inc (PATK)
Profitability ratios
Return on sales
| Dec 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 21.23% | 20.84% | 20.78% | 21.43% | 21.99% | 22.11% | 21.18% | 21.17% | 21.33% | 21.02% | 21.05% | 20.46% | 19.65% | 19.35% | 19.19% | 18.60% | 18.46% | 18.38% | 18.17% | 18.37% |
| Operating profit margin | 7.08% | 7.69% | 7.71% | 7.66% | 7.50% | 7.43% | 7.52% | 8.80% | 10.16% | 10.31% | 10.42% | 9.74% | 8.62% | 8.62% | 8.55% | 7.37% | 6.97% | 6.50% | 5.86% | 6.81% |
| Pretax margin | 4.81% | 5.48% | 5.55% | 5.51% | 5.51% | 5.53% | 5.78% | 7.35% | 8.92% | 9.09% | 9.19% | 8.39% | 7.20% | 7.20% | 7.13% | 5.78% | 5.24% | 4.64% | 3.97% | 5.17% |
| Net profit margin | 3.72% | 4.24% | 4.26% | 4.22% | 4.12% | 4.18% | 4.42% | 5.53% | 6.72% | 6.87% | 6.92% | 6.35% | 5.52% | 5.45% | 5.43% | 4.49% | 3.90% | 3.50% | 2.97% | 3.88% |
The profitability ratios of Patrick Industries Inc have shown a positive trend over the past few years. The gross profit margin has steadily improved from 18.37% in March 2020 to 21.23% in December 2024, indicating the company's ability to control production costs and generate profit from sales.
Similarly, the operating profit margin has increased from 6.81% in March 2020 to 7.08% in December 2024, reflecting efficient management of operating expenses and improved operational performance.
The pretax margin has also seen a gradual increase, from 5.17% in March 2020 to 4.81% in December 2024, suggesting effective tax planning and overall profitability of the company.
The net profit margin has shown a mixed performance, peaking at 6.92% in June 2022 but dipping slightly to 3.72% in December 2024. This indicates some variability in the company's ability to convert revenue into profit after accounting for all expenses and taxes.
Overall, the profitability ratios of Patrick Industries Inc demonstrate a generally positive trajectory, with improvements in gross profit margin, operating profit margin, and pretax margin, although the net profit margin has fluctuated over the period under review.
Return on investment
| Dec 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 8.71% | 8.99% | 9.24% | 8.85% | 9.73% | 10.19% | 10.79% | 13.87% | 17.83% | 18.06% | 17.31% | 14.98% | 13.27% | 13.53% | 12.84% | 11.04% | 9.89% | 9.35% | 8.36% | 10.37% |
| Return on assets (ROA) | 4.58% | 4.95% | 5.10% | 4.87% | 5.34% | 5.73% | 6.34% | 8.72% | 11.80% | 12.05% | 11.49% | 9.76% | 8.49% | 8.55% | 8.17% | 6.72% | 5.54% | 5.03% | 4.23% | 5.91% |
| Return on total capital | 19.36% | 24.42% | 24.80% | 24.87% | 24.89% | 26.23% | 29.30% | 40.28% | 51.95% | 55.27% | 58.35% | 55.63% | 45.82% | 46.12% | 44.42% | 34.03% | 30.99% | 27.99% | 25.29% | 31.87% |
| Return on equity (ROE) | 12.27% | 13.69% | 13.96% | 13.96% | 13.67% | 14.76% | 17.20% | 25.33% | 34.36% | 36.87% | 38.73% | 36.26% | 29.30% | 29.15% | 28.24% | 20.73% | 17.35% | 15.07% | 12.81% | 18.15% |
Patrick Industries Inc's profitability ratios show varying trends over the analyzed periods.
1. Operating return on assets (Operating ROA) increased from 10.37% in March 2020 to a peak of 18.06% in September 2022, indicating an overall improvement in the company's ability to generate profit from its operating assets. However, it decreased to 8.71% by December 2024.
2. Return on assets (ROA) displayed a similar pattern, starting at 5.91% in March 2020, reaching a peak of 12.05% in September 2022, before declining to 4.58% by December 2024. This ratio reflects how efficiently the company is utilizing its total assets to generate profits.
3. Return on total capital showed a fluctuating trend, with a peak of 58.35% in June 2022. However, it declined to 19.36% by December 2024, indicating a decrease in the company's ability to generate returns on its total invested capital.
4. Return on equity (ROE) increased steadily from 18.15% in March 2020 to a peak of 38.73% in June 2022, indicating strong returns to shareholders. However, it declined to 12.27% by December 2024, showing a decrease in the company's profitability in relation to its equity.
Overall, while Patrick Industries Inc experienced fluctuations in profitability ratios over the analyzed periods, it is essential for stakeholders to monitor these ratios closely to assess the company's financial performance and sustainability.