Trimble Inc (TRMB)
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 | 61.04% | 62.97% | 61.58% | 58.31% | 57.14% | 55.47% | 54.81% | 55.75% | 55.60% | 55.89% | 55.77% | 55.70% | 55.68% | 55.46% | 55.05% | 54.70% | 54.44% | 53.97% | 53.94% | 54.31% |
| Operating profit margin | 11.74% | 12.51% | 12.68% | 13.53% | 13.86% | 14.22% | 14.78% | 15.38% | 15.33% | 15.58% | 14.75% | 14.25% | 13.32% | 12.26% | 11.97% | 11.90% | 11.49% | 11.60% | 11.12% | 10.80% |
| Pretax margin | 9.34% | 10.83% | 12.04% | 16.29% | 15.44% | 15.64% | 16.55% | 15.35% | 15.70% | 16.40% | 15.16% | 13.94% | 12.51% | 10.85% | 10.32% | 10.70% | 10.53% | 10.36% | 9.87% | 9.02% |
| Net profit margin | 8.15% | 9.31% | 9.72% | 12.90% | 12.20% | 12.58% | 13.49% | 13.02% | 13.46% | 15.65% | 15.01% | 13.64% | 12.37% | 15.53% | 15.36% | 15.76% | 15.72% | 9.88% | 9.71% | 9.03% |
Trimble Inc's profitability ratios show a consistent trend of improvement over the past few quarters. The gross profit margin has been steadily increasing, reaching 61.04% at the end of December 2023, indicating the company is effectively managing its cost of goods sold.
The operating profit margin has also shown a positive trend, indicating that Trimble is efficiently controlling its operating expenses to generate profits. It stood at 11.74% at the end of December 2023, demonstrating the company's ability to generate profits from its core business operations.
The pretax margin shows a fluctuating pattern but has generally increased over time. This suggests that Trimble is effectively managing its pre-tax expenses and generating higher profits before accounting for taxes.
Lastly, the net profit margin, which represents the company's bottom line profitability, has exhibited a notable improvement, reaching 8.15% at the end of December 2023. This indicates that Trimble is efficiently managing its overall expenses, including taxes, to generate higher net profits relative to its revenue.
Overall, Trimble Inc's profitability ratios show positive trends, indicating effective cost management and improved profitability over the analyzed periods.
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) | 4.70% | 4.81% | 4.71% | 6.13% | 7.03% | 7.66% | 8.20% | 8.04% | 7.90% | 7.93% | 7.32% | 6.82% | 6.10% | 5.83% | 5.66% | 5.78% | 5.66% | 6.50% | 6.18% | 5.79% |
| Return on assets (ROA) | 3.26% | 3.58% | 3.61% | 5.84% | 6.19% | 6.77% | 7.48% | 6.81% | 6.94% | 7.96% | 7.45% | 6.53% | 5.67% | 7.38% | 7.26% | 7.66% | 7.74% | 5.54% | 5.40% | 4.84% |
| Return on total capital | 6.38% | 6.11% | 5.98% | 8.14% | 9.69% | 10.65% | 11.60% | 14.47% | 10.71% | 14.30% | 13.28% | 12.59% | 8.59% | 11.53% | 7.87% | 8.09% | 7.93% | 8.77% | 8.37% | 7.81% |
| Return on equity (ROE) | 6.92% | 7.69% | 7.96% | 11.03% | 11.10% | 12.47% | 13.29% | 12.25% | 12.49% | 14.37% | 13.50% | 12.05% | 10.84% | 14.59% | 15.02% | 16.57% | 16.49% | 11.54% | 11.23% | 10.45% |
Trimble Inc's profitability ratios have shown fluctuating trends over the past few quarters.
- Operating return on assets (Operating ROA) has ranged from 4.70% to 8.20% over the last year, indicating the company's ability to generate profits from its operating activities relative to its total assets, with a peak in Jun 2022.
- Return on assets (ROA) has varied between 3.26% and 7.96% during the same period, reflecting overall profitability generated by the company's assets, reaching its highest in Sep 2021.
- Return on total capital has ranged from 5.98% to 14.47%, showing the return earned on all sources of capital, with a notable peak in Mar 2022.
- Return on equity (ROE) has fluctuated between 6.92% and 16.57%, indicating the return earned on shareholder equity, peaking in Mar 2022.
Overall, Trimble Inc has shown mixed profitability performance, with fluctuations in the profitability ratios over the specified period. It will be crucial to monitor these ratios closely to assess the company's profitability trends and efficiency in utilizing its assets and capital in the future.