Qorvo Inc (QRVO)
Profitability ratios
Return on sales
| 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 | Sep 30, 2019 | Jun 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 39.49% | 35.29% | 35.19% | 36.13% | 36.33% | 42.72% | 45.44% | 46.28% | 49.21% | 49.30% | 49.28% | 48.50% | 46.91% | 45.33% | 43.41% | 41.63% | 40.81% | 39.99% | 39.50% | 39.48% |
| Operating profit margin | 2.43% | -3.68% | -2.46% | 1.04% | 5.13% | 15.67% | 20.79% | 22.55% | 26.39% | 27.43% | 27.61% | 25.61% | 22.58% | 19.19% | 16.25% | 14.17% | 13.07% | 12.29% | 10.12% | 9.17% |
| Pretax margin | 1.95% | -4.48% | -3.64% | -0.21% | 3.49% | 13.92% | 19.16% | 21.05% | 25.42% | 26.81% | 25.61% | 23.26% | 20.11% | 15.69% | 15.55% | 13.75% | 12.20% | 12.15% | 8.67% | 6.28% |
| Net profit margin | -1.87% | -6.11% | -3.21% | -0.29% | 2.89% | 11.06% | 15.34% | 17.87% | 22.24% | 24.60% | 24.37% | 21.26% | 18.27% | 13.01% | 12.71% | 12.05% | 10.32% | 11.03% | 8.19% | 6.39% |
Qorvo Inc's profitability ratios exhibit fluctuations over the past several quarters. The gross profit margin has ranged from 35.19% to 49.30% indicating variability in the company's ability to control production costs and generate sales revenue efficiently.
The operating profit margin has fluctuated between -3.68% to 27.61%, with negative values in some periods, indicating challenges in controlling operating expenses. The pretax margin has also varied, ranging from -4.48% to 26.81%, suggesting fluctuations in income before taxes relative to total revenue.
The net profit margin shows a fluctuation between -6.11% to 24.60%, with negative values in some quarters, reflecting the company's ability to generate profits after all expenses have been deducted.
Overall, Qorvo Inc's profitability ratios exhibit variability, indicating the company's challenges in consistently managing costs and generating profits over the analyzed periods.
Return on investment
| 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 | Sep 30, 2019 | Jun 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 1.40% | -1.90% | -1.15% | 0.50% | 2.74% | 9.08% | 12.61% | 14.06% | 16.33% | 16.37% | 16.52% | 15.28% | 12.55% | 10.16% | 7.28% | 6.69% | 6.45% | 5.91% | 5.36% | 4.91% |
| Return on assets (ROA) | -1.07% | -3.16% | -1.50% | -0.14% | 1.54% | 6.41% | 9.30% | 11.14% | 13.76% | 14.68% | 14.58% | 12.68% | 10.16% | 6.89% | 5.69% | 5.69% | 5.10% | 5.30% | 4.34% | 3.42% |
| Return on total capital | 4.01% | -1.65% | -0.77% | 1.06% | 3.25% | 10.30% | 14.51% | 16.18% | 18.85% | 27.46% | 25.89% | 23.25% | 19.07% | 14.74% | 14.14% | 11.82% | 10.61% | 9.97% | 7.33% | 5.55% |
| Return on equity (ROE) | -1.98% | -5.81% | -2.63% | -0.24% | 2.64% | 10.90% | 15.87% | 18.99% | 22.69% | 23.99% | 23.36% | 19.84% | 15.85% | 10.77% | 10.11% | 9.00% | 7.79% | 7.96% | 5.95% | 4.67% |
Qorvo Inc's profitability ratios have shown fluctuations over the past few quarters.
1. Operating return on assets (Operating ROA) has been on a declining trend since the peak of 16.37% in March 2022, reaching 1.40% in March 2024. This indicates that the company's ability to generate profits from its assets has decreased significantly.
2. Return on assets (ROA) also shows a similar declining trend, from 14.68% in March 2022 to -1.07% in March 2024. This suggests that the company's overall ability to generate profits relative to its total assets has worsened.
3. Return on total capital has fluctuated but has generally shown a decreasing trend since the peak of 27.46% in December 2021, reaching 4.01% in March 2024. This ratio indicates how efficiently the company is utilizing its total capital to generate profits.
4. Return on equity (ROE) has also displayed a decline over the quarters, from 23.99% in March 2022 to -1.98% in March 2024. This ratio reflects the company's profitability relative to shareholders' equity.
Overall, the declining trends in these profitability ratios suggest challenges in maintaining and improving profitability for Qorvo Inc. Management may need to assess the operational efficiency, asset utilization, and capital structure to address these declining trends and enhance overall profitability.