Plexus Corp (PLXS)
Profitability ratios
Return on sales
| 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 | Dec 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 4.72% | 4.61% | 4.54% | 4.61% | 4.64% | 4.65% | 4.69% | 4.57% | 4.50% | 4.45% | 4.39% | 4.61% | 4.73% | 4.79% | 5.55% | 6.07% | 7.24% | 9.17% | 7.13% | 6.10% |
| Operating profit margin | 2.09% | 2.10% | 1.93% | 2.22% | 2.30% | 2.35% | 2.62% | 2.48% | 2.31% | 2.21% | 2.12% | 2.35% | 2.58% | 2.65% | 3.14% | 3.11% | 3.55% | 4.27% | 3.18% | 2.96% |
| Pretax margin | 1.61% | 1.64% | 1.46% | 1.77% | 1.89% | 1.97% | 2.29% | 2.19% | 2.05% | 1.97% | 1.91% | 2.14% | 2.35% | 2.39% | 2.84% | 2.77% | 3.13% | 3.75% | 2.75% | 2.58% |
| Net profit margin | 1.39% | 1.39% | 1.26% | 1.52% | 1.64% | 1.71% | 1.98% | 1.90% | 1.79% | 1.69% | 1.63% | 1.85% | 2.03% | 2.06% | 2.46% | 2.38% | 2.72% | 3.55% | 2.60% | 2.40% |
The profitability ratios of Plexus Corp show a declining trend over the past few quarters. The gross profit margin has decreased steadily from 9.17% in December 2019 to 4.72% in September 2024, indicating a decrease in the percentage of revenue retained after accounting for the cost of goods sold.
Similarly, the operating profit margin has also shown a downward trend, decreasing from 4.27% in December 2019 to 2.09% in September 2024. This ratio reflects the company's ability to generate profits from its core operations, and the decline suggests challenges in managing operating expenses effectively.
The pretax margin and net profit margin have followed a similar pattern of decline, indicating decreasing profitability before and after accounting for taxes and other expenses. The pretax margin has decreased from 3.75% in December 2019 to 1.61% in September 2024, while the net profit margin has decreased from 3.55% to 1.39% over the same period.
Overall, the decreasing trend in profitability ratios for Plexus Corp raises concerns about the company's ability to maintain and improve its profitability levels. Further analysis of the company's cost structure, revenue generation, and operational efficiency may be necessary to identify the underlying reasons for the decline and implement strategies to reverse the trend.
Return on investment
| 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 | Dec 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 5.32% | 5.27% | 4.77% | 5.56% | 5.90% | 5.99% | 6.69% | 6.04% | 5.25% | 4.94% | 4.85% | 5.90% | 7.16% | 7.94% | 8.66% | 7.06% | 6.70% | 6.14% | 6.16% | 6.87% |
| Return on assets (ROA) | 3.55% | 3.50% | 3.10% | 3.82% | 4.19% | 4.37% | 5.06% | 4.62% | 4.07% | 3.78% | 3.72% | 4.66% | 5.64% | 6.17% | 6.77% | 5.40% | 5.13% | 5.10% | 5.04% | 5.56% |
| Return on total capital | 10.40% | 10.37% | 9.12% | 10.80% | 12.12% | 12.35% | 13.79% | 12.45% | 11.63% | 10.70% | 10.22% | 11.82% | 14.03% | 14.75% | 15.76% | 12.13% | 11.87% | 11.19% | 11.11% | 12.49% |
| Return on equity (ROE) | 8.44% | 8.75% | 8.06% | 9.96% | 11.45% | 12.61% | 14.46% | 13.65% | 12.62% | 11.45% | 10.69% | 12.08% | 13.51% | 14.04% | 14.94% | 12.18% | 12.02% | 12.34% | 11.83% | 12.92% |
Plexus Corp's profitability ratios exhibit fluctuating trends over the past few quarters.
- Operating return on assets (Operating ROA) has shown a gradual decline from 6.87% in Q4 2019 to 4.77% in Q1 2024, with a slight uptick to 5.32% in Q3 2024. This indicates a decrease in the company's operating efficiency in generating profits from its assets.
- Return on assets (ROA) has followed a similar pattern, declining from 6.16% in Q1 2020 to 3.10% in Q1 2024, then recovering to 3.55% in Q3 2024. This suggests a decrease in the overall profitability of Plexus Corp in relation to its total assets.
- Return on total capital has exhibited a downward trend from 12.49% in Q1 2020 to 9.12% in Q1 2024, followed by a slight increase to 10.40% in Q3 2024. This indicates a decline in the company's ability to generate returns for both equity and debt providers.
- Return on equity (ROE) has displayed fluctuations, decreasing from 12.92% in Q1 2020 to 8.06% in Q1 2024, then rising to 8.44% in Q3 2024. This signifies variations in the company's profitability in relation to shareholders' equity.
Overall, the profitability ratios of Plexus Corp reflect challenges in maintaining consistent profitability and efficiency in utilizing assets and capital to generate returns. Management may need to focus on improving operational performance and efficiency to enhance overall profitability in the future.