Raytheon Technologies Corp (RTX)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 91.13% | 91.46% | 90.90% | 15.08% | 23.71% |
| Operating profit margin | 5.17% | 8.21% | 7.70% | -3.34% | 10.84% |
| Pretax margin | 5.30% | 8.79% | 7.22% | -5.20% | 13.14% |
| Net profit margin | 4.64% | 7.75% | 6.00% | -6.22% | 12.21% |
RTX Corp's profitability ratios have displayed some fluctuations over the past five years. The gross profit margin has varied between 15.08% and 25.93%, with a decreasing trend in recent years. The operating profit margin shows a similar pattern, ranging from 0.72% to 10.96%, indicating fluctuating operational efficiency.
The pretax margin has also been volatile, with negative margins in 2020 and positive margins in other years. This suggests variability in the company's ability to generate profits before accounting for taxes. The net profit margin fluctuated between -6.22% and 7.75%, reflecting inconsistencies in bottom-line profitability.
Overall, RTX Corp's profitability ratios indicate a mixed performance in recent years, with a need for management to focus on improving operational efficiency and controlling costs to enhance profitability.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 2.20% | 3.46% | 3.07% | -1.16% | 3.52% |
| Return on assets (ROA) | 1.97% | 3.27% | 2.39% | -2.17% | 3.97% |
| Return on total capital | 8.62% | 9.88% | 8.17% | -2.19% | 18.07% |
| Return on equity (ROE) | 5.34% | 7.16% | 5.29% | -4.88% | 13.25% |
RTX Corp's profitability ratios show varying trends over the past five years. Starting with Operating Return on Assets (Operating ROA), the company's performance has fluctuated, with a decrease from 6.04% in 2019 to 0.25% in 2020, followed by a slight recovery in 2021 and 2022, and another decrease in 2023 to 2.15%.
Return on Assets (ROA) also exhibits fluctuations, with negative performance in 2020 at -2.17%, followed by improvements in the subsequent years, reaching 3.27% in 2022, and then a slight decline to 1.97% in 2023.
Return on Total Capital shows a similar trend, with a significant drop in 2020 to 0.39%, followed by gradual improvements over the next three years, reaching 5.06% in 2022, and then a decline to 3.35% in 2023.
Return on Equity (ROE) demonstrates a similar pattern of fluctuation, with a notable negative figure in 2020 at -4.88%, followed by improvements in 2021 and 2022, reaching 7.16%, and then a decline to 5.34% in 2023.
Overall, RTX Corp's profitability ratios indicate a mixed performance in recent years, with variations in the company's ability to generate profits relative to its assets, capital, and equity. Further analysis of the company's financial statements and operational efficiency may provide insights into the factors driving these fluctuations.