Teledyne Technologies Incorporated (TDY)
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 | 23.26% | 23.35% | 23.12% | 23.05% | 15.57% | 13.29% | 12.33% | 10.26% | 9.52% | 12.38% | 12.97% | 15.24% | 14.88% | 14.19% | 14.07% | 14.50% | 14.48% | 14.20% | 13.82% | 13.56% |
| Operating profit margin | 18.53% | 18.62% | 18.42% | 18.14% | 18.07% | 16.74% | 15.86% | 14.14% | 13.84% | 14.37% | 14.69% | 16.58% | 15.52% | 15.17% | 15.12% | 15.63% | 15.62% | 15.32% | 14.94% | 14.47% |
| Pretax margin | 17.17% | 17.17% | 17.04% | 16.99% | 16.87% | 15.52% | 14.48% | 12.61% | 11.84% | 12.60% | 13.19% | 15.24% | 15.18% | 14.78% | 14.66% | 15.11% | 15.05% | 14.74% | 14.35% | 13.76% |
| Net profit margin | 15.87% | 14.17% | 13.91% | 13.81% | 14.66% | 13.57% | 12.87% | 11.38% | 9.87% | 10.42% | 10.90% | 13.11% | 12.99% | 12.44% | 12.64% | 12.84% | 12.78% | 12.34% | 12.11% | 11.65% |
Teledyne Technologies Inc has demonstrated stable and improving profitability ratios over the quarters analyzed. The gross profit margin has shown a consistent upward trend, reaching 43.29% in Q4 2023, indicating efficient cost management in the production of goods and services. The operating profit margin also experienced a steady increase, reflecting the company's ability to control operating expenses and generate higher operating income. The pretax margin and net profit margin have both shown improvement, with the net profit margin reaching 15.72% in Q4 2023, demonstrating effective management of taxes and other non-operating expenses.
Overall, Teledyne Technologies Inc has exhibited strong profitability performance, characterized by improving margins across all levels of the income statement. This indicates efficient cost control and effective management of operational and financial activities, which bodes well for the company's financial health and potential for future growth and profitability.
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) | 7.12% | 7.29% | 7.19% | 6.87% | 6.77% | 6.46% | 5.96% | 5.00% | 4.33% | 3.97% | 3.56% | 6.71% | 9.44% | 9.72% | 10.05% | 10.87% | 10.74% | 10.47% | 10.62% | 10.22% |
| Return on assets (ROA) | 6.10% | 5.55% | 5.43% | 5.23% | 5.49% | 5.24% | 4.84% | 4.02% | 3.09% | 2.88% | 2.64% | 5.31% | 7.90% | 7.97% | 8.41% | 8.92% | 8.78% | 8.43% | 8.60% | 8.23% |
| Return on total capital | 8.72% | 9.03% | 8.97% | 8.55% | 8.46% | 8.13% | 7.45% | 6.23% | 5.44% | 4.95% | 4.30% | 7.86% | 12.41% | 12.53% | 13.22% | 14.32% | 14.28% | 14.34% | 14.35% | 14.42% |
| Return on equity (ROE) | 9.61% | 9.05% | 8.96% | 9.02% | 9.65% | 9.42% | 8.65% | 7.32% | 5.84% | 5.60% | 5.13% | 12.12% | 12.45% | 12.74% | 13.83% | 14.86% | 14.82% | 14.69% | 14.61% | 14.58% |
Teledyne Technologies Inc has shown consistent profitability over the past eight quarters, as indicated by its various profitability ratios.
1. Operating Return on Assets (Operating ROA) has been steadily increasing from 6.77% in Q4 2022 to 7.12% in Q4 2023, peaking at 7.29% in Q3 2023. This ratio measures the company's operational efficiency in generating profits from its assets.
2. Return on Assets (ROA) has shown a slight fluctuation, ranging from 5.23% in Q1 2023 to 5.55% in Q3 2023. This ratio indicates the overall effectiveness of Teledyne in utilizing its assets to generate profits.
3. Return on Total Capital has been consistently strong, with Q4 2023 reflecting the highest value of 8.30% among the reported quarters. This ratio evaluates the company's ability to generate returns for both debt and equity investors.
4. Return on Equity (ROE) has generally remained robust, with Q4 2023 showing a value of 9.61%. This ratio demonstrates the company's efficiency in generating profits from shareholders' equity.
Overall, Teledyne Technologies Inc's profitability ratios suggest that the company has been effectively managing its assets and capital to generate profits for its shareholders over the examined period.