SJW Corporation (SJW)
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 | 26.40% | 28.08% | 27.65% | 28.29% | 27.60% | 26.58% | 26.76% | 26.94% | 27.30% | 26.74% | 27.14% | 27.88% | 27.72% | 21.86% | 16.84% | 12.57% | 10.63% | 14.67% | 16.67% | 17.44% |
| Operating profit margin | 22.29% | 24.36% | 22.50% | 22.02% | 21.10% | 19.06% | 18.70% | 19.66% | 19.38% | 18.22% | 19.68% | 20.46% | 20.84% | 17.92% | 14.84% | 13.19% | 13.67% | 17.53% | 19.22% | 19.61% |
| Pretax margin | 13.57% | 16.18% | 14.49% | 14.22% | 13.26% | 11.07% | 10.65% | 12.33% | 12.00% | 10.54% | 12.12% | 12.20% | 12.38% | 9.31% | 6.56% | 5.84% | 7.58% | 12.45% | 14.06% | 14.00% |
| Net profit margin | 12.68% | 14.85% | 13.77% | 12.88% | 11.89% | 9.91% | 9.03% | 10.56% | 10.54% | 9.79% | 11.04% | 10.95% | 10.90% | 7.71% | 5.20% | 4.35% | 5.57% | 9.59% | 10.89% | 10.83% |
SJW Group's profitability ratios have shown a consistent trend of improvement over the quarters in 2023. The gross profit margin has remained relatively stable around the mid-60% range, indicating efficient cost management and strong pricing power.
The operating profit margin has experienced a steady increase from Q1 to Q4, reflecting better control over operating expenses and improved operational efficiency. This suggests that the company is effectively controlling its costs and generating higher operating profits.
Similarly, the pretax margin has also demonstrated a positive trend, indicating the company's ability to generate more profits before accounting for taxes. This could be attributed to higher revenues, improved cost management, and potentially favorable economic conditions.
The net profit margin, which represents the bottom line profitability after all expenses have been deducted, has also shown improvement over the quarters. This indicates that SJW Group is effectively managing its expenses and generating higher profits relative to its total revenue. Overall, these increasing profitability ratios suggest that SJW Group's financial performance is improving, which may be a positive signal for investors and stakeholders.
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) | 3.44% | 4.25% | 3.89% | 3.82% | 3.49% | 3.11% | 3.06% | 3.27% | 3.18% | 2.99% | 3.28% | 3.46% | 3.55% | 3.05% | 2.32% | 1.91% | 1.83% | 3.41% | 3.88% | 4.01% |
| Return on assets (ROA) | 1.96% | 2.59% | 2.38% | 2.23% | 1.97% | 1.62% | 1.48% | 1.75% | 1.73% | 1.61% | 1.84% | 1.85% | 1.86% | 1.31% | 0.81% | 0.63% | 0.75% | 1.86% | 2.20% | 2.21% |
| Return on total capital | 5.69% | 6.29% | 5.75% | 5.62% | 5.39% | 4.84% | 4.71% | 5.02% | 4.87% | 4.76% | 5.24% | 5.40% | 5.63% | 4.68% | 3.56% | 3.00% | 2.93% | 5.27% | 5.80% | 5.73% |
| Return on equity (ROE) | 6.89% | 8.16% | 7.47% | 7.08% | 6.65% | 5.56% | 5.09% | 5.99% | 5.85% | 5.57% | 6.34% | 6.31% | 6.71% | 4.68% | 2.92% | 2.26% | 2.63% | 4.21% | 4.92% | 4.88% |
The profitability ratios of SJW Group for the recent quarters show a generally positive trend.
The Operating return on assets (Operating ROA) has been relatively stable, ranging from 2.76% to 4.23% over the past eight quarters. This indicates that the company is generating operating income efficiently relative to its total assets.
Return on assets (ROA) has also shown a consistent improvement, increasing from 1.48% in Q1 2022 to 2.59% in Q3 2023. This implies that SJW Group is becoming more effective in generating profits from its assets.
Return on total capital has demonstrated a similar upward trend, rising from 3.66% in Q1 2022 to 5.56% in Q3 2023. This suggests that the company is utilizing its total capital more efficiently to generate returns.
Return on equity (ROE) has also shown improvement, climbing from 5.09% in Q1 2022 to 8.16% in Q3 2023. This indicates that SJW Group is delivering stronger returns to its shareholders as it effectively leverages its equity.
Overall, the profitability ratios of SJW Group indicate a positive performance trend, suggesting that the company is effectively utilizing its assets, capital, and equity to generate profits for its stakeholders.