Polaris Industries Inc (PII)
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 | 22.25% | 23.02% | 23.31% | 23.33% | 22.54% | 28.16% | 27.58% | 27.70% | 29.84% | 21.79% | 23.23% | 22.93% | 22.05% | 24.15% | 23.32% | 23.95% | 24.53% | 24.45% | 24.36% | 24.57% |
| Operating profit margin | 7.96% | 9.13% | 9.61% | 9.72% | 9.25% | 11.14% | 10.23% | 10.42% | 11.82% | 13.82% | 14.84% | 9.31% | 7.48% | 1.31% | -0.36% | 6.14% | 7.20% | 7.41% | 7.68% | 7.80% |
| Pretax margin | 7.04% | 8.34% | 8.86% | 7.45% | 6.96% | 7.23% | 6.14% | 8.92% | 10.38% | 10.42% | 11.34% | 5.34% | 3.08% | 0.21% | -1.52% | 5.00% | 6.07% | 6.15% | 6.49% | 6.74% |
| Net profit margin | 5.71% | 6.66% | 6.97% | 5.51% | 5.14% | 5.33% | 4.46% | 7.12% | 8.19% | 7.44% | 8.10% | 3.52% | 1.79% | 0.38% | -0.84% | 4.07% | 4.82% | 4.79% | 4.98% | 5.27% |
Polaris Inc's profitability ratios show a fluctuating trend over the past eight quarters. The gross profit margin has remained relatively stable, ranging between 21.86% and 23.06%. This indicates that the company has been able to effectively manage its cost of goods sold to generate gross profit.
However, the operating profit margin has shown more variability, with a low of 6.78% in Q2 2022 and a high of 9.27% in Q1 2023. This suggests that the company's operating expenses have been fluctuating, impacting its ability to generate profit from its core business operations.
Similarly, the pretax margin has also exhibited fluctuations, ranging from 6.27% to 9.31%. This ratio reflects the company's ability to control both operating expenses and interest expenses, indicating variations in the efficiency of its overall operations.
The net profit margin, which represents the bottom line profitability after all expenses have been deducted, has also shown variability, with a low of 3.27% in Q2 2022 and a high of 7.02% in Q2 2023. This suggests that factors such as tax obligations and non-operating expenses have influenced the company's overall profitability.
In conclusion, while Polaris Inc has maintained a relatively stable gross profit margin, its operating profit margin, pretax margin, and net profit margin have experienced fluctuations, indicating potential challenges in controlling expenses and maximizing profitability over the past eight quarters.
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) | 12.71% | 14.22% | 15.88% | 16.36% | 15.42% | 13.89% | 11.67% | 12.26% | 14.12% | 23.09% | 26.65% | 15.50% | 11.25% | 1.80% | -0.54% | 8.55% | 10.92% | 10.83% | 11.43% | 11.02% |
| Return on assets (ROA) | 9.11% | 10.38% | 11.51% | 9.27% | 8.57% | 6.64% | 5.09% | 8.38% | 9.78% | 12.44% | 14.54% | 5.86% | 2.69% | 0.52% | -1.24% | 5.67% | 7.31% | 6.99% | 7.41% | 7.44% |
| Return on total capital | 22.10% | 64.70% | 72.62% | 65.17% | 26.00% | 19.99% | 16.47% | 23.31% | 27.12% | 33.58% | 40.94% | 19.83% | 11.47% | 3.64% | -1.22% | 13.58% | 18.42% | 17.95% | 18.14% | 16.88% |
| Return on equity (ROE) | 35.45% | 44.64% | 50.50% | 42.58% | 40.68% | 33.28% | 24.89% | 38.41% | 40.34% | 50.00% | 58.73% | 24.95% | 10.90% | 2.63% | -7.10% | 26.97% | 29.23% | 31.24% | 34.00% | 37.30% |
Polaris Inc's profitability ratios exhibit a generally positive trend over the quarters. Operating return on assets (Operating ROA) increased from 10.55% in Q2 2022 to 15.44% in Q1 2023, reflecting improved efficiency in generating operating profits from its assets. Return on assets (ROA) also demonstrated an upward trajectory, reaching 11.51% in Q2 2023 from 5.09% in Q2 2022, indicating enhanced overall asset utilization to generate profits.
Return on total capital increased consistently, indicating that the company effectively leveraged its total capital to generate higher returns over each quarter. Return on equity (ROE) displayed a significant improvement, rising from 24.63% in Q2 2022 to 49.88% in Q2 2023, illustrating the company's ability to generate greater profits for its shareholders.
Overall, Polaris Inc's profitability ratios suggest that the company has been efficient in utilizing its assets and capital to generate profits, with a notable increase in returns for its equity holders, indicating a strong performance in terms of profitability over the quarters analyzed.