Standard Motor Products Inc (SMP)
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 | 14.39% | 14.60% | 14.36% | 14.10% | 14.09% | 13.93% | 13.97% | 14.25% | 14.52% | 16.93% | 17.45% | 17.35% | 17.07% | 16.33% | 16.13% | 16.45% | 16.34% | 16.24% | 16.18% | 16.09% |
| Operating profit margin | 3.43% | 3.62% | 3.59% | 3.60% | 3.83% | 4.11% | 4.32% | 4.71% | 4.97% | 5.99% | 6.56% | 6.14% | 5.52% | 4.96% | 4.26% | 4.61% | 4.65% | 4.69% | 4.53% | 4.40% |
| Pretax margin | 1.94% | 2.10% | 2.20% | 2.59% | 2.97% | 3.40% | 4.03% | 4.46% | 4.70% | 5.11% | 5.55% | 5.01% | 4.28% | 4.30% | 3.48% | 3.85% | 3.97% | 3.56% | 3.63% | 3.47% |
| Net profit margin | 1.26% | 1.31% | 1.40% | 1.76% | 2.04% | 2.41% | 2.99% | 3.32% | 3.50% | 3.60% | 3.90% | 3.46% | 2.91% | 3.09% | 2.47% | 2.76% | 2.85% | 2.44% | 2.52% | 2.39% |
Standard Motor Products, Inc. has shown consistent gross profit margins in the range of 27.88% to 28.85% over the past eight quarters, indicating stability in managing production and distribution costs relative to revenues. However, there seems to be a slight decrease in the most recent quarter.
The operating profit margin has been gradually declining from 9.44% in Q1 2022 to 7.01% in Q4 2023. This trend suggests that the company's operating expenses relative to revenue have been increasing, affecting its overall profitability.
Similarly, the pretax margin has also been on a downward trajectory, indicating that non-operating expenses as a percentage of revenue have been increasing over time.
The net profit margin has fluctuated more significantly, ranging from 2.51% to 6.64% over the past eight quarters. The sharp decrease in Q1 2023 to 2.51% followed by a slight increase in subsequent quarters could indicate variations in tax expenses or other one-time events impacting profitability.
Overall, the declining trends in operating profit margin and pretax margin may be a concern for investors, warranting further investigation into the company's cost management strategies and overall financial health.
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) | 7.17% | 7.57% | 7.47% | 7.42% | 8.30% | 8.54% | 8.86% | 9.66% | 10.77% | 11.32% | 12.53% | 12.69% | 11.38% | 10.08% | 8.38% | 9.66% | 10.45% | 10.36% | 9.42% | 9.52% |
| Return on assets (ROA) | 2.64% | 2.74% | 2.91% | 3.62% | 4.41% | 5.01% | 6.13% | 6.82% | 7.59% | 6.80% | 7.44% | 7.14% | 6.00% | 6.28% | 4.85% | 5.78% | 6.41% | 5.40% | 5.23% | 5.17% |
| Return on total capital | 8.37% | 9.97% | 9.41% | 10.04% | 11.47% | 12.36% | 14.11% | 20.01% | 20.60% | 19.95% | 21.21% | 18.43% | 15.75% | 15.79% | 13.46% | 16.31% | 17.04% | 15.73% | 16.09% | 15.44% |
| Return on equity (ROE) | 5.38% | 5.66% | 6.01% | 7.69% | 9.07% | 11.03% | 13.52% | 14.60% | 15.11% | 13.86% | 14.73% | 12.53% | 10.43% | 10.96% | 8.98% | 10.94% | 11.49% | 10.06% | 10.45% | 9.98% |
Standard Motor Products, Inc.'s profitability ratios have shown some fluctuations over the past eight quarters.
- Operating return on assets (Operating ROA) has ranged from 7.37% to 9.69%, with a decreasing trend from Q4 2022 to Q1 2023. This ratio indicates the company's ability to generate operating income from its assets.
- Return on assets (ROA) has fluctuated between 2.64% and 6.82%, with a significant decrease from Q4 2022 to Q1 2023. ROA reflects the company's overall ability to generate profit from its total assets.
- Return on total capital has varied from 11.64% to 15.14%, with a decreasing trend from Q4 2022 to Q1 2023. This ratio measures the company's profitability in relation to its total capital employed.
- Return on equity (ROE) has ranged from 5.38% to 14.60%, showing a decreasing trend from Q4 2022 to Q1 2023. ROE indicates the return generated on shareholders' equity.
Overall, while the company's profitability ratios have experienced some fluctuations, the decreasing trend in most ratios from Q4 2022 to Q1 2023 suggests a potential need for further analysis to understand the factors impacting the company's profitability in recent quarters.