Teledyne Technologies Incorporated (TDY)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 15.10% | 14.39% | 6.85% | 12.99% | 12.49% |
| Operating profit margin | 18.60% | 18.07% | 13.84% | 15.52% | 15.50% |
| Pretax margin | 17.23% | 16.87% | 11.84% | 15.18% | 14.93% |
| Net profit margin | 15.93% | 14.66% | 9.87% | 12.99% | 12.68% |
Teledyne Technologies Inc has shown a consistent improvement in its profitability ratios over the past five years.
- The gross profit margin has gradually increased from 39.30% in 2019 to 43.29% in 2023, indicating the company's ability to generate more gross profit on its revenue.
- The operating profit margin has also displayed steady growth, rising from 15.54% in 2019 to 18.36% in 2023. This suggests that the company has effectively managed its operating expenses to improve profitability.
- The pretax margin has shown a positive trend, increasing from 14.97% in 2019 to 17.02% in 2023. This indicates the efficiency of Teledyne Technologies in generating profits before accounting for taxes.
- The net profit margin, a key indicator of a company's overall profitability, has consistently improved from 12.72% in 2019 to 15.72% in 2023. This highlights the company's ability to control its costs and generate profit for its shareholders.
Overall, the increasing trend in Teledyne Technologies Inc's profitability ratios reflects the company's strong financial performance and effective management of its operations.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 7.12% | 6.77% | 4.33% | 9.44% | 10.74% |
| Return on assets (ROA) | 6.10% | 5.49% | 3.09% | 7.90% | 8.78% |
| Return on total capital | 8.72% | 8.46% | 5.33% | 12.41% | 14.28% |
| Return on equity (ROE) | 9.61% | 9.65% | 5.84% | 12.45% | 14.82% |
Teledyne Technologies Inc's profitability ratios have shown varying trends over the past five years.
1. Operating Return on Assets (Operating ROA):
The Operating ROA has been relatively consistent over the years, with a slight increase from 4.33% in 2022 to 7.12% in 2023. This ratio indicates that Teledyne is generating a profit of 7.12 cents for every dollar of assets through its core operations.
2. Return on Assets (ROA):
The ROA has followed a similar trend to the Operating ROA, with an increase from 3.09% in 2022 to 6.10% in 2023. This ratio suggests that Teledyne is becoming more efficient in generating profits from its total assets.
3. Return on Total Capital:
The Return on Total Capital has also shown an upward trend from 5.33% in 2022 to 8.30% in 2023. This ratio reflects the company's ability to generate a return of 8.30 cents for every dollar invested in both debt and equity capital.
4. Return on Equity (ROE):
The ROE has fluctuated over the years, with a recent decrease from 12.45% in 2022 to 9.61% in 2023. This ratio indicates that Teledyne is generating a return of 9.61 cents for every dollar of shareholders' equity.
Overall, Teledyne Technologies Inc has demonstrated improvements in its profitability ratios, particularly in terms of generating returns from assets and total capital. However, the ROE has experienced some fluctuations. This analysis suggests that the company may be effectively utilizing its assets and capital to drive profitability, but further examination is needed to understand the factors contributing to the changing ROE performance.