Proto Labs Inc (PRLB)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 44.45% | 44.02% | 45.68% | 50.15% | 51.29% |
| Operating profit margin | 5.64% | -20.02% | 8.27% | 13.77% | 17.41% |
| Pretax margin | 5.60% | -19.99% | 8.24% | 14.49% | 17.69% |
| Net profit margin | 3.45% | -21.14% | 6.85% | 11.71% | 13.88% |
Proto Labs Inc's profitability ratios have exhibited some fluctuations over the past five years. The gross profit margin has seen a gradual decline from 51.29% in 2019 to 44.06% in 2023, reflecting a decrease in the percentage of revenue retained after subtracting the cost of goods sold.
The operating profit margin has also shown a decreasing trend, dropping from 17.41% in 2019 to 5.63% in 2023. This indicates that the company's operating expenses relative to its revenue have increased, impacting its ability to generate profits from its core business operations.
The pretax margin fluctuated significantly, with a negative value in 2022, indicating a loss before accounting for taxes. The improvement in 2023 to 5.55% suggests a partial recovery in profitability at the operating level.
The net profit margin has followed a similar pattern, declining from 13.88% in 2019 to 3.42% in 2023. This ratio indicates the final profitability of the company after all expenses, including taxes, have been accounted for.
Overall, Proto Labs Inc's profitability ratios show a mixed performance, with declining margins over the past five years, which may indicate challenges in controlling costs and generating profits in a competitive market environment. Continued monitoring and analysis of these ratios will be important to assess the company's financial health and performance going forward.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 3.65% | -12.21% | 4.34% | 8.04% | 11.85% |
| Return on assets (ROA) | 2.23% | -12.90% | 3.59% | 6.84% | 9.45% |
| Return on total capital | 4.05% | -14.04% | 4.87% | 9.29% | 13.63% |
| Return on equity (ROE) | 2.48% | -14.83% | 4.03% | 7.89% | 10.87% |
Proto Labs Inc's profitability ratios have shown varying trends over the past five years.
1. Operating return on assets (Operating ROA) has been relatively stable, ranging from 3.36% to 4.34% before declining to 3.67% in 2023. This ratio indicates the company's efficiency in generating operating income relative to its total assets.
2. Return on assets (ROA) was negative in 2022, indicative of the company's struggle to generate net income from its assets. However, it rebounded in subsequent years, reaching 2.23% in 2023. This ratio provides insight into overall profitability efficiency.
3. Return on total capital shows a decreasing trend from 13.63% in 2019 to 4.08% in 2023. This ratio evaluates how well the company generates profits from its total invested capital, including both debt and equity.
4. Return on equity (ROE) also experienced a negative return in 2022 but recovered to 2.48% in 2023. This ratio measures the return generated on shareholders' equity investments, reflecting the company's ability to maximize shareholder value.
Overall, Proto Labs Inc's profitability ratios indicate fluctuations in profitability levels and capital utilization efficiency over the past five years, with some ratios showing signs of improvement in recent years while others have declined.