Boston Beer Company Inc (SAM)
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 | 42.44% | 42.18% | 41.47% | 40.80% | 41.24% | 39.99% | 36.36% | 37.12% | 38.77% | 42.12% | 46.73% | 46.96% | 46.90% | 46.99% | 47.06% | 47.99% | 49.14% | 50.12% | 50.60% | 51.16% |
| Operating profit margin | 4.98% | 5.29% | 4.18% | 3.82% | 4.34% | 1.74% | -4.06% | -3.64% | 0.39% | 5.67% | 14.30% | 15.34% | 14.06% | 13.94% | 12.16% | 10.31% | 11.59% | 13.30% | 12.97% | 12.88% |
| Pretax margin | 5.46% | 5.64% | 4.40% | 3.93% | 4.37% | 1.68% | -4.15% | -3.70% | 0.34% | 5.65% | 14.33% | 15.35% | 14.07% | 13.90% | 12.05% | 10.22% | 11.55% | 13.28% | 12.65% | 12.53% |
| Net profit margin | 3.80% | 4.02% | 3.16% | 2.91% | 3.22% | 1.35% | -3.01% | -2.73% | 0.71% | 4.57% | 11.34% | 12.27% | 11.05% | 10.97% | 9.36% | 7.87% | 8.80% | 10.06% | 10.10% | 10.13% |
Boston Beer Company Inc's profitability ratios have experienced some fluctuations over the past few quarters. The gross profit margin has shown a downward trend from 51.16% in Mar 2019 to 40.80% in Mar 2023, indicating a decline in the company's ability to generate profit from its core operations.
The operating profit margin has also varied significantly, with a low of -4.06% in Jun 2022 and a high of 15.34% in Mar 2021. This suggests that the company's operating efficiency and cost management have been inconsistent.
Similarly, the pretax margin and net profit margin have displayed fluctuations, reflecting the company's varying levels of profitability before and after taxes. The net profit margin has decreased from 10.13% in Mar 2019 to 2.91% in Mar 2023, indicating a decline in the company's bottom line performance.
Overall, Boston Beer Company Inc's profitability ratios have shown mixed results, with some periods of strong profitability and others of weaker performance. It will be important for the company to focus on improving its operational efficiency and cost management to drive sustainable profitability in the future.
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) | 6.99% | 7.19% | 5.76% | 5.67% | 6.39% | 2.26% | -5.37% | -5.09% | 0.58% | 8.41% | 19.26% | 20.44% | 17.71% | 16.75% | 14.72% | 11.48% | 13.75% | 15.36% | 17.58% | 19.33% |
| Return on assets (ROA) | 5.33% | 5.47% | 4.35% | 4.33% | 4.73% | 1.76% | -3.97% | -3.81% | 1.05% | 6.78% | 15.27% | 16.34% | 13.92% | 13.18% | 11.33% | 8.76% | 10.44% | 11.62% | 13.69% | 15.21% |
| Return on total capital | 9.28% | 9.74% | 7.91% | 7.59% | 8.50% | 3.23% | -7.61% | -7.18% | 0.81% | 11.95% | 27.73% | 29.09% | 25.52% | 23.93% | 21.49% | 18.07% | 19.70% | 21.71% | 27.34% | 27.78% |
| Return on equity (ROE) | 7.07% | 7.40% | 5.97% | 5.79% | 6.29% | 2.50% | -5.63% | -5.38% | 1.48% | 9.63% | 21.98% | 23.26% | 20.06% | 18.82% | 16.54% | 13.79% | 14.96% | 16.42% | 21.30% | 21.85% |
Boston Beer Company Inc's profitability ratios have shown some fluctuations over the past few quarters.
- Operating return on assets (Operating ROA) has ranged from 7.19% in Sep 2023 to -5.37% in Jun 2022. This ratio indicates that the company's operating income generated from its assets has varied, showing improvements in recent quarters. However, the negative figures in some periods indicate a decline in operating efficiency.
- Return on assets (ROA) has ranged from 5.47% in Sep 2023 to -3.97% in Jun 2022. This ratio reflects the company's overall profitability relative to its total assets and has also experienced fluctuations. Although there has been an increase in the latest quarters, the negative figures in previous periods indicate challenges in generating profits from its assets.
- Return on total capital has ranged from 9.74% in Sep 2023 to -7.61% in Jun 2022. This ratio shows the return earned on total invested capital, including both debt and equity. It demonstrates similar fluctuations as the other ratios, with recent quarters showing improvements but still varying significantly.
- Return on equity (ROE) has ranged from 7.40% in Sep 2023 to -5.63% in Jun 2022. This ratio indicates how well the company is generating profits from shareholders' equity. Like the other ratios, it has shown fluctuations over time, with the latest quarters representing improvements but still below levels seen in previous years.
Overall, Boston Beer Company Inc's profitability ratios suggest a mix of performance with some recent improvements but also past challenges. Monitoring these ratios and identifying the underlying factors driving the changes will be crucial for assessing the company's profitability in the future.