SanDisk Corp (SNDK)
Profitability ratios
Return on sales
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| Gross profit margin | 40.56% | 46.29% | 46.47% | 33.31% | 46.87% |
| Operating profit margin | 11.08% | 23.51% | 25.32% | 13.78% | 32.24% |
| Pretax margin | 7.15% | 13.21% | 12.98% | 10.26% | 30.59% |
| Net profit margin | 6.98% | 15.20% | 16.90% | 8.26% | 26.94% |
SanDisk Corp's gross profit margin has shown some fluctuations over the years, ranging from 33.31% in 2012 to 46.47% in 2013. However, it seems to have stabilized around 40-46% in the most recent years, indicating a healthy level of profitability after an initial dip.
The operating profit margin of SanDisk Corp has been quite volatile, with a significant drop from 2011 to 2012, where it went from 32.24% to 13.78%. Although there have been fluctuations, the trend seems to be a gradual decline, reaching 11.08% in 2015.
The pretax margin of SanDisk Corp also shows substantial variations, with a dip in 2012 from 30.59% to 10.26%, followed by some recovery in the following years. The margin decreased to 7.15% in 2015, indicating a trend of declining profitability before taxes.
Lastly, the net profit margin of SanDisk Corp has followed a similar pattern, showing a notable decrease from 26.94% in 2011 to 8.26% in 2012. While it recovered in the subsequent years, it dropped again to 6.98% in 2015, signaling a challenge in maintaining profitability after accounting for all expenses.
Overall, the profitability ratios of SanDisk Corp suggest a mix of performance, with some fluctuations and declines in profitability margins over the years. Investors and stakeholders may need to monitor the company's financial health closely to understand the underlying factors driving these changes.
Return on investment
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 6.68% | 15.14% | 14.89% | 6.73% | 15.29% |
| Return on assets (ROA) | 4.21% | 9.79% | 9.94% | 4.04% | 12.78% |
| Return on total capital | 9.49% | 23.04% | 21.81% | 8.63% | 20.63% |
| Return on equity (ROE) | 6.77% | 15.43% | 14.96% | 5.75% | 18.40% |
SanDisk Corp's profitability ratios show variations over the period from December 31, 2011, to December 31, 2015.
1. Operating return on assets (Operating ROA):
- There was a decrease in Operating ROA from 15.29% in 2011 to 6.73% in 2012, suggesting a decline in operational efficiency. The ratio then increased to 14.89% in 2013, slightly dropped to 15.14% in 2014, and decreased to 6.68% in 2015. The fluctuations in this ratio indicate inconsistent operating performance.
2. Return on assets (ROA):
- ROA decreased from 12.78% in 2011 to 4.04% in 2012, signifying lower overall profitability. It then improved to 9.94% in 2013 and slightly decreased to 9.79% in 2014, before dropping to 4.21% in 2015. This indicates fluctuating profitability trends over the years.
3. Return on total capital:
- The return on total capital declined from 20.63% in 2011 to 8.63% in 2012, showing a decrease in the efficiency of using total capital. It then increased to 21.81% in 2013 and further improved to 23.04% in 2014, before declining to 9.49% in 2015. This ratio highlights the efficiency of utilizing total capital resources.
4. Return on equity (ROE):
- ROE decreased from 18.40% in 2011 to 5.75% in 2012, indicating lower profitability for shareholders. It then rose to 14.96% in 2013, slightly increased to 15.43% in 2014, and decreased to 6.77% in 2015. This ratio reflects the return generated for shareholders based on the equity invested.
In summary, SanDisk Corp's profitability ratios display varied performance levels, with fluctuations in operating efficiency, overall profitability, capital utilization efficiency, and shareholder return over the period under review.