Penumbra Inc (PEN)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 64.49% | 63.18% | 63.59% | 60.34% | 67.95% |
| Operating profit margin | 6.95% | 0.72% | -1.00% | -6.95% | 8.68% |
| Pretax margin | 7.52% | 0.46% | -1.05% | -6.15% | 9.42% |
| Net profit margin | 8.59% | -0.24% | 0.71% | -2.80% | 8.85% |
The gross profit margin of Penumbra Inc has shown some fluctuations over the past five years, ranging from a low of 60.34% in 2020 to a high of 67.95% in 2019. This metric indicates the company's ability to generate profits from its core operations after accounting for the cost of goods sold.
In terms of operating profit margin, Penumbra Inc experienced significant variability in its profitability, with a low of -6.95% in 2020 to a high of 8.68% in 2019. This ratio reflects the company's efficiency in managing its operating expenses relative to its revenue.
The pretax margin of Penumbra Inc has also shown fluctuations, reaching a low of -6.78% in 2020 and a high of 9.16% in 2019. This metric indicates the company's ability to generate profits before accounting for taxes relative to its total revenue.
Lastly, the net profit margin of Penumbra Inc ranged from a low of -2.80% in 2020 to a high of 8.85% in 2019. This ratio reflects the company's ability to generate profits after accounting for all expenses, including taxes.
Overall, Penumbra Inc's profitability ratios have shown variability over the past five years, indicating fluctuations in the company's ability to generate profits from its operations. It is important for the company to continue monitoring and managing its profitability metrics to ensure sustainable financial performance.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 4.73% | 0.44% | -0.60% | -4.73% | 7.13% |
| Return on assets (ROA) | 5.84% | -0.15% | 0.42% | -1.91% | 7.28% |
| Return on total capital | 6.90% | 0.61% | -0.79% | -6.07% | 9.78% |
| Return on equity (ROE) | 7.71% | -0.20% | 0.55% | -2.45% | 9.97% |
Penumbra Inc's profitability ratios have shown some fluctuations over the past five years. Starting with Operating Return on Assets (Operating ROA), the company saw a significant improvement in 2023 compared to the two previous years, reaching 5.90%. This indicates that the company was able to generate a higher operating income relative to its total assets in 2023.
Return on Assets (ROA) also improved in 2023, standing at 5.84%. This ratio shows the company's ability to generate profits from its assets, and the increase from negative figures in the previous years is a positive sign for Penumbra Inc.
Return on Total Capital increased to 7.62% in 2023, which indicates that the company was able to generate a higher return on its total invested capital compared to the prior years. This suggests improved efficiency in capital utilization.
Return on Equity (ROE) also showed an improvement in 2023, reaching 7.71%. ROE measures the return generated on shareholders' equity, and the increase in 2023 indicates that the company was more efficient in generating profits for its shareholders.
Overall, Penumbra Inc's profitability ratios have shown positive trends in 2023 compared to the previous years, indicating improved profitability and efficiency in utilizing assets and capital to generate returns for both the company and its shareholders.