Molson Coors Brewing Co Class B (TAP)
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 | 17.15% | 16.96% | 16.00% | 14.79% | 15.63% | 15.32% | 16.36% | 18.24% | 19.52% | 22.99% | 27.49% | 33.87% | 32.14% | 31.90% | 31.20% | 30.87% | 32.29% | 31.35% | 31.54% | 32.25% |
| Operating profit margin | 5.65% | 2.90% | 1.91% | 0.39% | 0.67% | 3.56% | 4.46% | 6.44% | 7.00% | 0.04% | -0.11% | -1.22% | -3.49% | 9.84% | 3.61% | 3.53% | 5.88% | 4.60% | 9.96% | 10.73% |
| Pretax margin | 4.89% | 2.06% | 1.01% | -0.58% | -0.22% | 2.65% | 3.57% | 5.56% | 5.95% | -1.15% | -1.59% | -3.13% | -5.52% | 7.39% | 1.08% | 1.03% | 3.65% | 2.63% | 8.08% | 8.83% |
| Net profit margin | 3.73% | 1.02% | 0.17% | -1.08% | -0.75% | 2.11% | 3.15% | 4.60% | 4.84% | -2.50% | -3.72% | -6.54% | -8.09% | 4.86% | -1.33% | -0.21% | 1.86% | 1.19% | 6.85% | 7.46% |
Molson Coors Beverage Company's profitability ratios show fluctuations over the past eight quarters. The gross profit margin has generally been in the range of 32% to 37%, with a slight improvement trend recently reaching 37.33% in Q4 2023. The operating profit margin has varied between 8% and 14.75%, showing a peak in Q1 2022 and a dip in Q1 2023, and recovering to 12.29% in Q4 2023.
The pretax margin has been volatile, ranging from -1.23% to 12.14%. Despite the variability, there is an upward trend in recent quarters, reaching 10.70% in Q4 2023. The net profit margin has also been erratic, fluctuating between -2.35% and 10.13%. There was a substantial improvement in Q4 2023 with a net profit margin of 8.11%.
Overall, Molson Coors has shown resilience in maintaining positive profitability margins, with some fluctuations in recent quarters. Continued monitoring and analysis of these ratios can provide insights into the company's operational efficiency and 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) | 5.45% | 2.74% | 1.74% | 0.35% | 0.61% | 3.12% | 3.78% | 5.42% | 5.27% | 0.02% | -0.06% | -0.51% | -1.50% | 4.13% | 1.53% | 1.58% | 2.65% | 2.07% | 4.33% | 4.78% |
| Return on assets (ROA) | 3.60% | 0.96% | 0.15% | -0.98% | -0.68% | 1.85% | 2.67% | 3.87% | 3.64% | -1.61% | -1.94% | -2.75% | -3.47% | 2.04% | -0.56% | -0.09% | 0.84% | 0.54% | 2.98% | 3.32% |
| Return on total capital | 7.77% | 3.92% | 2.42% | 0.48% | 0.84% | 4.33% | 5.19% | 7.45% | 7.25% | 0.03% | -0.08% | -0.70% | -2.09% | 5.74% | 2.08% | 2.17% | 3.55% | 2.80% | 5.81% | 6.44% |
| Return on equity (ROE) | 7.19% | 1.93% | 0.31% | -2.00% | -1.38% | 3.76% | 5.47% | 7.93% | 7.50% | -3.35% | -4.27% | -5.94% | -7.67% | 4.33% | -1.24% | -0.21% | 1.80% | 1.17% | 6.44% | 7.25% |
The profitability ratios of Molson Coors Beverage Company reflect a varied performance over the recent quarters:
1. Operating return on assets (Operating ROA) has shown an improving trend from Q1 2022 to Q4 2023, indicating the company's ability to generate operating income relative to its total assets.
2. Return on assets (ROA) has been volatile, with negative returns in Q1 2023 and Q4 2022. However, there was a significant improvement in Q4 2023 compared to the previous quarters.
3. Return on total capital fluctuated over the quarters, with Q3 2023 and Q4 2023 showing higher returns compared to the rest of the periods.
4. Return on equity (ROE) experienced negative returns in Q1 2023 and Q4 2022, but has generally shown an upward trend from Q1 2022 to Q4 2023.
Overall, Molson Coors Beverage Company's profitability has demonstrated mixed performance with some quarters showing improvements, particularly in operating performance. The company should continue to focus on enhancing profitability metrics to drive sustainable growth and shareholder value.