Patrick Industries Inc (PATK)
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 | 22.56% | 22.11% | 21.67% | 21.60% | 21.69% | 21.37% | 21.02% | 20.44% | 19.65% | 19.36% | 19.20% | 18.61% | 18.47% | 18.39% | 18.19% | 18.38% | 18.11% | 18.13% | 18.16% | 18.32% |
| Operating profit margin | 7.50% | 7.43% | 7.52% | 8.80% | 10.15% | 10.29% | 10.41% | 9.73% | 8.63% | 8.62% | 8.55% | 7.38% | 6.98% | 6.51% | 5.87% | 6.82% | 6.61% | 6.79% | 7.08% | 7.44% |
| Pretax margin | 5.52% | 5.53% | 5.78% | 7.35% | 8.91% | 9.08% | 9.18% | 8.38% | 7.21% | 7.21% | 7.13% | 5.79% | 5.25% | 4.64% | 3.97% | 5.17% | 5.05% | 5.29% | 5.64% | 6.10% |
| Net profit margin | 4.12% | 4.18% | 4.42% | 5.53% | 6.72% | 6.87% | 6.91% | 6.34% | 5.52% | 5.45% | 5.44% | 4.49% | 3.91% | 3.50% | 2.97% | 3.88% | 3.84% | 4.17% | 4.44% | 4.77% |
Patrick Industries, Inc.'s profitability ratios have shown some fluctuations over the past eight quarters. The gross profit margin has remained relatively stable, ranging from 20.46% to 22.56%. This indicates the company's ability to control its production costs and generate profits from its core operations.
The operating profit margin has shown a gradual decline from 10.42% in Q2 2022 to 7.50% in Q4 2023. This may suggest increasing operating expenses or lower sales prices relative to costs. However, the company still maintains a healthy margin above 7%, indicating efficient management of operating costs.
The pretax margin has also exhibited a downward trend, starting at 9.19% in Q2 2022 and decreasing to 5.51% in Q4 2023. This may be attributed to various factors such as higher interest expenses or non-operating losses impacting the company's profitability.
Similarly, the net profit margin has decreased from 6.92% in Q2 2022 to 4.12% in Q4 2023. This decline indicates that after accounting for taxes and other expenses, the company is retaining a smaller proportion of its revenue as net income.
Overall, while Patrick Industries, Inc. has maintained a consistent gross profit margin, there are signs of a decline in operating efficiency and overall profitability based on the decreasing trend in operating, pretax, and net profit margins over the analyzed period. Further investigation into the underlying reasons for these trends may be necessary to address potential profitability challenges.
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) | 10.15% | 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% | 10.50% | 10.84% | 12.37% | 12.73% |
| Return on assets (ROA) | 5.58% | 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% | 6.09% | 6.65% | 7.75% | 8.16% |
| Return on total capital | 12.61% | 12.66% | 13.20% | 16.97% | 22.24% | 22.95% | 22.08% | 19.43% | 17.19% | 18.04% | 16.61% | 14.67% | 12.65% | 12.27% | 10.70% | 13.52% | 13.22% | 13.67% | 16.01% | 16.54% |
| Return on equity (ROE) | 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% | 18.00% | 20.12% | 22.50% | 25.78% |
Patrick Industries, Inc. has shown a consistent performance in terms of profitability ratios over the quarters.
- Operating return on assets (Operating ROA) has been relatively stable, ranging between 10.15% and 13.87%. This ratio indicates the company's ability to generate operating income from its assets.
- Return on assets (ROA) has also shown consistency, with values ranging from 5.58% to 8.72%. ROA reflects the company's overall efficiency in managing its assets to generate profits.
- Return on total capital has followed a similar trend, with values ranging from 12.56% to 16.92%. This ratio measures the return generated from the total capital employed by the company.
- Return on equity (ROE) has been the highest among the profitability ratios, indicating strong returns for equity investors. ROE has ranged from 13.67% to 25.33%, showing that the company is effectively utilizing shareholder equity to generate profits.
Overall, Patrick Industries, Inc. has maintained healthy profitability across the highlighted periods, demonstrating efficiency in utilizing assets, capital, and equity to generate returns for its stakeholders.