SkyWest Inc (SKYW)
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 | 54.46% | 49.51% | 50.80% | 53.26% | 55.23% | 62.67% | 60.78% | 41.74% | 23.21% | 27.51% | 7.19% | 5.18% | 2.47% | 9.16% | 8.30% | 9.35% | 11.90% | 13.33% | 11.19% | 9.01% |
| Operating profit margin | 3.60% | 1.47% | 2.38% | 4.27% | 6.11% | 8.19% | 7.35% | 8.65% | 10.40% | 8.66% | 11.10% | 6.58% | 5.26% | 11.69% | 13.18% | 16.55% | 17.24% | 15.32% | 14.36% | 13.88% |
| Pretax margin | 1.39% | -1.63% | -0.47% | 1.43% | 3.12% | 5.24% | 3.89% | 4.39% | 5.68% | 4.22% | 6.27% | 1.19% | 0.55% | 9.05% | 10.87% | 14.55% | 16.79% | 15.92% | 15.30% | 14.46% |
| Net profit margin | 1.19% | -1.08% | -0.19% | 1.14% | 2.46% | 4.09% | 2.85% | 3.28% | 4.22% | 3.21% | 4.75% | 0.86% | 0.50% | 7.29% | 8.73% | 11.49% | 13.22% | 12.54% | 12.01% | 11.39% |
Skywest Inc.'s profitability ratios indicate fluctuations in its performance over the past eight quarters. The gross profit margin has been consistently at 100.00%, reflecting efficient cost management and pricing strategies.
However, the operating profit margin has shown volatility, declining from 8.04% in Q3 2022 to 1.44% in Q3 2023, indicating potential issues with operating expenses management.
Similarly, the pretax margin and net profit margin have also experienced fluctuations. The pretax margin has shown a decline from 5.14% in Q3 2022 to -1.60% in Q3 2023, indicating challenges in generating profits before taxes. The net profit margin has also fluctuated, with negative margins in Q3 and Q2 2023, indicating possible operational challenges and inefficiencies.
Overall, Skywest Inc. may need to focus on optimizing its operating expenses and enhancing revenue generation strategies to improve its profitability ratios consistently over the long term.
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) | 1.48% | 0.59% | 0.95% | 1.72% | 2.44% | 3.34% | 3.01% | 3.46% | 3.87% | 3.10% | 3.47% | 1.79% | 1.58% | 3.87% | 4.93% | 7.24% | 7.69% | 7.20% | 6.92% | 6.86% |
| Return on assets (ROA) | 0.49% | -0.43% | -0.08% | 0.46% | 0.98% | 1.67% | 1.17% | 1.31% | 1.57% | 1.15% | 1.49% | 0.23% | 0.15% | 2.42% | 3.26% | 5.02% | 5.90% | 5.90% | 5.79% | 5.63% |
| Return on total capital | 2.23% | 0.87% | 1.38% | 2.45% | 3.43% | 4.63% | 4.24% | 4.86% | 5.53% | 4.42% | 4.95% | 2.50% | 2.20% | 5.35% | 6.94% | 10.26% | 10.66% | 10.03% | 9.54% | 9.49% |
| Return on equity (ROE) | 1.62% | -1.42% | -0.25% | 1.49% | 3.11% | 5.19% | 3.65% | 4.09% | 4.94% | 3.53% | 4.62% | 0.74% | 0.48% | 7.47% | 10.31% | 15.47% | 18.06% | 18.38% | 18.55% | 18.42% |
Skywest Inc.'s profitability ratios have shown some fluctuations over the past eight quarters.
1. Operating return on assets (Operating ROA): This ratio indicates the company's ability to generate profit from its assets before considering financing costs. The trend shows a decrease in Q4 2023 compared to the previous quarters, indicating a decline in operational efficiency.
2. Return on assets (ROA): This ratio measures the company's ability to generate profit from its total assets. The negative ROA in Q3 2023 suggests that the company incurred a loss during that period. However, it rebounded to a positive figure in Q4 2023, though still lower than previous quarters.
3. Return on total capital: This ratio evaluates the company's ability to generate profit from the total invested capital. The trend is declining from Q4 2022 to Q4 2023, indicating a decrease in overall profitability relative to the capital employed.
4. Return on equity (ROE): ROE measures the return on the shareholders' equity investment. Skywest Inc. experienced a negative ROE in Q3 2023, which improved in Q4 2023 but remained comparatively lower than the ROE in earlier quarters.
Overall, the profitability ratios of Skywest Inc. demonstrate some instability and a declining trend in profitability from previous years. Further analysis and investigation into the company's financial performance and operational efficiency may be warranted to identify areas for improvement.