Texas Pacific Land Trust (TPL)
Profitability ratios
Return on sales
| Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 63.11% | 62.77% | 85.80% | 87.12% | 88.47% | 89.18% | 89.91% | 89.63% | 87.53% | 85.58% | 86.57% |
| Operating profit margin | 78.43% | 76.96% | 77.14% | 78.60% | 81.47% | 84.25% | 85.20% | 84.97% | 82.60% | 80.36% | 77.17% |
| Pretax margin | 83.90% | 81.95% | 81.05% | 81.38% | 83.25% | 85.23% | 81.46% | 80.56% | 77.46% | 74.49% | 77.44% |
| Net profit margin | 65.74% | 64.23% | 63.51% | 64.00% | 65.28% | 66.88% | 64.31% | 63.87% | 61.82% | 59.87% | 62.35% |
Texas Pacific Land Trust's profitability ratios have shown some fluctuations over the past few quarters. The gross profit margin has ranged between 62.77% and 88.47% throughout the periods analyzed, indicating variability in the company's ability to generate revenue after accounting for the cost of goods sold.
The operating profit margin has also fluctuated, ranging from 76.96% to 85.20%, reflecting changes in operational efficiency and cost management. Despite some variability, the company has generally maintained a high operating profit margin, indicating effective control over operating expenses.
The pretax margin has shown a similar pattern, fluctuating between 74.49% and 85.23%. This metric reflects the proportion of revenue remaining after accounting for operating expenses and interest expenses but before taxes.
The net profit margin, which indicates the proportion of revenue remaining after all expenses have been deducted, has ranged from 59.87% to 66.88%. Texas Pacific Land Trust has generally maintained a healthy net profit margin, indicating the company's ability to generate profits relative to its revenue.
Overall, while there have been fluctuations in profitability ratios, Texas Pacific Land Trust's margins remain relatively strong, demonstrating the company's ability to effectively manage costs and generate profits.
Return on investment
| Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 41.07% | 42.03% | 44.14% | 51.08% | 56.84% | 64.09% | 68.03% | 66.05% | 49.58% | 47.43% | 41.94% |
| Return on assets (ROA) | 34.43% | 35.08% | 36.34% | 41.60% | 45.54% | 50.87% | 51.35% | 49.65% | 37.10% | 35.33% | 33.89% |
| Return on total capital | 46.07% | 46.59% | 49.39% | 57.63% | 65.49% | 72.75% | 78.20% | 78.28% | 58.35% | 55.61% | 48.54% |
| Return on equity (ROE) | 38.62% | 38.88% | 40.67% | 46.93% | 52.47% | 57.75% | 59.03% | 58.84% | 43.67% | 41.43% | 39.22% |
Analyzing the profitability ratios of Texas Pacific Land Trust, we observe a consistent trend of robust performance over the past several quarters. The operating return on assets (Operating ROA) indicates the company's ability to generate profits from its operational activities, with a range of 41.07% to 68.03% in recent quarters. This demonstrates efficient management of assets to generate operating income.
The Return on Assets (ROA) metric, which considers overall asset utilization efficiency, shows a range of 34.43% to 51.60%, reflecting the company's ability to generate profits relative to its total assets. This indicates strong operational performance and effective asset management strategies by the company.
The Return on Total Capital and Return on Equity (ROE) ratios also reflect favorable profitability levels, ranging from 46.07% to 78.28% and 38.62% to 59.03%, respectively. These metrics highlight the company's ability to generate returns for both debt and equity investors, indicating efficient capital allocation and strong financial performance.
Overall, the profitability ratios of Texas Pacific Land Trust demonstrate consistent and impressive profitability levels, reflecting effective asset utilization, operational efficiency, and value creation for investors.