PNM Resources Inc (PNM)
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 | 33.82% | 32.92% | 33.71% | 32.90% | 32.92% | 34.25% | 35.70% | 44.19% | 50.66% | 33.67% | 42.42% | 40.08% | 39.84% | 76.28% | 75.97% | 76.36% | 76.47% | 76.46% | 76.61% | 77.35% |
| Operating profit margin | 11.93% | 15.91% | 18.51% | 18.08% | 17.50% | 17.85% | 17.87% | 17.91% | 17.31% | 16.87% | 17.48% | 18.06% | 18.73% | 21.70% | 21.78% | 10.77% | 9.89% | 4.55% | 3.71% | 15.43% |
| Pretax margin | 3.71% | 8.38% | 12.02% | 10.32% | 8.72% | 8.95% | 9.45% | 12.27% | 12.86% | 13.27% | 14.18% | 14.79% | 12.70% | 14.44% | 13.31% | 1.04% | 3.57% | -3.64% | -4.46% | 6.64% |
| Net profit margin | 4.56% | 7.34% | 10.27% | 8.90% | 7.56% | 7.85% | 8.09% | 10.48% | 11.03% | 11.37% | 12.45% | 13.24% | 11.34% | 12.99% | 12.04% | 3.01% | 5.31% | -0.65% | -1.71% | 6.09% |
PNM Resources Inc has shown a consistent improvement in profitability ratios over the quarters analyzed. The gross profit margin has been relatively stable, ranging from 49.04% to 53.91%. The operating profit margin has also been consistent, with a range of 15.64% to 18.65%. The pretax margin has shown a significant variation, improving from 4.67% in Q4 2023 to 12.77% in Q2 2023 before declining to 4.67% in Q4 2023.
The net profit margin has followed a similar trend, increasing from 4.53% in Q4 2023 to 10.25% in Q2 2023 before decreasing to 4.53% in Q4 2023. Overall, PNM Resources Inc has shown an ability to generate profits, with a positive net profit margin in all quarters analyzed. It is important to monitor the trend in pretax margin to understand the company's overall profitability performance.
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) | 2.26% | 3.33% | 4.47% | 4.54% | 4.25% | 4.17% | 3.87% | 3.82% | 3.56% | 3.48% | 3.49% | 3.53% | 3.59% | 4.23% | 4.22% | 2.10% | 1.98% | 0.92% | 0.76% | 3.13% |
| Return on assets (ROA) | 0.86% | 1.54% | 2.48% | 2.24% | 1.84% | 1.83% | 1.76% | 2.23% | 2.27% | 2.35% | 2.49% | 2.59% | 2.18% | 2.53% | 2.33% | 0.59% | 1.06% | -0.13% | -0.35% | 1.23% |
| Return on total capital | 3.51% | 5.45% | 6.96% | 7.22% | 6.47% | 6.17% | 6.05% | 5.81% | 5.42% | 5.58% | 6.05% | 7.97% | 6.45% | 7.84% | 7.66% | 3.29% | 4.13% | 1.67% | 1.35% | 5.01% |
| Return on equity (ROE) | 3.76% | 6.90% | 10.57% | 9.45% | 7.76% | 7.52% | 7.34% | 9.21% | 9.06% | 9.03% | 9.68% | 10.13% | 8.43% | 11.04% | 10.42% | 2.67% | 4.61% | -0.57% | -1.54% | 5.30% |
PNM Resources Inc's profitability ratios indicate fluctuations in its performance over the past eight quarters.
- Operating return on assets (Operating ROA) has ranged from 2.96% to 4.55%, with a downward trend in the most recent quarters. This ratio shows that the company's operating income generated from its assets has varied.
- Return on assets (ROA) has fluctuated between 0.86% and 2.48%, with a significant increase in Q2 2023 compared to the previous quarters. This ratio reveals the company's ability to generate profits from its total assets.
- Return on total capital has ranged from 4.24% to 6.34%, displaying volatility in the company's ability to generate returns from both equity and debt capital employed.
- Return on equity (ROE) has shown similar fluctuations, with values between 3.72% and 10.49%, indicating variability in the company's ability to generate returns for its shareholders.
Overall, while there have been periods of improvement in profitability metrics, there have also been periods of decline, highlighting the importance of consistent performance evaluation and management oversight. Further analysis would be required to determine the underlying reasons for these fluctuations and assess the company's overall profitability trends.