PG&E Corp (PCG)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 95.52% | 97.83% | 98.34% | 98.38% | 98.11% |
| Operating profit margin | 10.93% | 8.47% | 9.12% | 9.50% | -58.93% |
| Pretax margin | 2.86% | 2.20% | 3.62% | -5.10% | -64.46% |
| Net profit margin | 9.24% | 8.37% | -0.43% | -7.06% | -44.61% |
PG&E Corp.'s profitability ratios have shown improvement over the past five years. The gross profit margin has been relatively stable, ranging from 77.60% to 82.82%, indicating efficient cost management and strong pricing power.
The operating profit margin has shown consistent growth, increasing from 7.83% in 2019 to 16.38% in 2023. This suggests effective control over operating expenses and improved operational efficiency.
The pretax margin has also exhibited a positive trend, moving from negative figures in 2019 and 2020 to positive levels in subsequent years. This indicates better earnings before taxes relative to revenue, reflecting a healthier financial performance.
Furthermore, the net profit margin has shown significant improvement, with a shift from negative margins in 2019 and 2020 to positive margins in 2021, 2022, and 2023. This highlights the company's ability to generate profits after accounting for all expenses, including interest and taxes.
Overall, PG&E Corp. has demonstrated notable progress in profitability, driven by improved operational efficiency, cost management, and financial performance over the past five years.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 2.12% | 1.55% | 1.82% | 1.79% | -11.85% |
| Return on assets (ROA) | 1.79% | 1.53% | -0.09% | -1.33% | -8.97% |
| Return on total capital | 3.51% | 2.60% | 3.18% | 3.01% | -196.53% |
| Return on equity (ROE) | 9.01% | 7.95% | -0.42% | -6.21% | -148.79% |
PG&E Corp.'s profitability ratios have shown some fluctuations over the past five years.
1. Operating return on assets (Operating ROA) has shown an increasing trend from 1.57% in 2019 to 3.18% in 2023. This ratio indicates the efficiency of the company in generating operating income relative to its total assets.
2. Return on assets (ROA) has also shown an improving trend, moving from negative figures in 2020 and 2021 to a positive 1.78% in 2023. ROA measures the company's ability to generate profit from its total assets.
3. Return on total capital has been relatively stable over the years, showing a slight increase from 3.24% in 2020 to 4.87% in 2023. This ratio indicates the company's efficiency in generating returns from its total invested capital, including debt and equity.
4. Return on equity (ROE) has shown a similar improving trend, moving from a significant negative figure in 2019 to a positive 8.95% in 2023. ROE reflects the company's ability to generate profit from the shareholders' equity.
Overall, the profitability ratios of PG&E Corp. indicate a positive trend in recent years, suggesting improved operational efficiency and better returns for investors.