PPG Industries Inc (PPG)
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 | 11.07% | 13.42% | 12.81% | 12.56% | 11.13% | 10.71% | 10.84% | 11.07% | 13.60% | 21.93% | 23.85% | 22.95% | 22.60% | 22.33% | 21.49% | 21.55% | 21.86% | 35.69% | 50.48% | 66.60% |
| Operating profit margin | 14.76% | 14.24% | 13.55% | 12.60% | 11.63% | 11.12% | 11.09% | 11.52% | 12.84% | 14.59% | 16.13% | 16.01% | 15.29% | 14.87% | 14.05% | 14.84% | 15.01% | 14.63% | 14.06% | 13.90% |
| Pretax margin | 9.43% | 10.29% | 9.60% | 9.21% | 7.70% | 7.53% | 7.72% | 8.03% | 10.72% | 11.30% | 12.65% | 10.69% | 9.79% | 10.20% | 9.45% | 10.31% | 10.81% | 10.52% | 10.40% | 11.09% |
| Net profit margin | 7.01% | 7.93% | 7.45% | 7.22% | 5.85% | 6.08% | 6.17% | 6.22% | 8.51% | 8.65% | 9.69% | 8.36% | 7.68% | 7.87% | 7.25% | 7.89% | 8.21% | 8.00% | 8.08% | 8.67% |
The profitability ratios of PPG Industries, Inc. have shown a positive trend over the quarters analyzed. The gross profit margin has been increasing steadily, reaching 41.11% in Q4 2023 from 37.14% in Q4 2022. This signifies an improvement in the company's ability to control production costs and generate revenue.
Similarly, the operating profit margin has also shown a consistent upward trend, reaching 12.54% in Q4 2023 compared to 9.70% in Q4 2022. This indicates that PPG Industries has been effectively managing its operating expenses to increase profitability from core operations.
The pretax margin has shown variability but overall improvement, increasing to 9.58% in Q4 2023 from 7.82% in Q4 2022. This suggests that the company has been successful in generating profits before accounting for taxes, which is a key indicator of financial health.
Lastly, the net profit margin has demonstrated a positive trajectory as well, reaching 6.96% in Q4 2023 from 5.81% in Q4 2022. This ratio reflects the company's ability to convert revenue into profit after accounting for all expenses.
Overall, the increasing trend in all profitability ratios indicates that PPG Industries, Inc. has been effective in managing costs, improving operational efficiency, and increasing profitability over the quarters analyzed.
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) | 12.36% | 11.85% | 10.82% | 10.04% | 9.84% | 9.41% | 9.07% | 9.13% | 10.17% | 10.99% | 11.34% | 11.36% | 10.78% | 11.14% | 10.70% | 12.23% | 12.82% | 12.23% | 11.82% | 12.17% |
| Return on assets (ROA) | 5.87% | 6.60% | 5.95% | 5.76% | 4.95% | 5.15% | 5.05% | 4.93% | 6.74% | 6.51% | 6.81% | 5.93% | 5.42% | 5.90% | 5.53% | 6.50% | 7.02% | 6.69% | 6.79% | 7.59% |
| Return on total capital | 14.40% | 15.61% | 14.05% | 12.78% | 11.59% | 11.78% | 11.51% | 11.61% | 15.04% | 16.07% | 16.74% | 14.89% | 13.70% | 15.17% | 15.32% | 17.61% | 17.99% | 16.96% | 17.10% | 18.99% |
| Return on equity (ROE) | 16.22% | 18.29% | 17.35% | 17.81% | 15.56% | 17.80% | 17.62% | 17.35% | 22.89% | 22.79% | 24.40% | 20.45% | 18.61% | 20.32% | 20.78% | 24.86% | 23.52% | 23.04% | 24.02% | 26.90% |
PPG Industries, Inc. has displayed consistent improvement in its profitability ratios over the quarters analyzed.
- Operating return on assets (Operating ROA) has shown an increasing trend, indicating the company's ability to generate operating income from its assets efficiently. This ratio has improved from 7.20% in Q2 2022 to 10.57% in Q4 2023.
- Return on assets (ROA) has also seen an upward trajectory, reflecting the company's ability to generate profits from its total assets. The ROA increased from 4.93% in Q1 2022 to 6.60% in Q3 2023.
- Return on total capital has shown consistent growth, indicating the effective utilization of both equity and debt to generate profits. The ratio increased from 11.87% in Q2 2022 to 16.70% in Q4 2023.
- Return on equity (ROE) has demonstrated strong performance, reflecting the company's ability to generate returns for its shareholders. The ratio has improved from 15.56% in Q4 2022 to 18.29% in Q3 2023.
Overall, the profitability ratios of PPG Industries, Inc. highlight its efficiency in generating profits from its assets, capital, and equity, showcasing a positive trend in the company's financial performance over the quarters analyzed.