Titan International Inc (TWI)
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% | 16.95% | 16.95% | 17.33% | 16.90% | 16.34% | 15.65% | 14.26% | 13.48% | 12.47% | 11.74% | 10.62% | 9.28% | 8.89% | 8.26% | 8.31% | 9.04% | 9.90% | 10.71% | 11.73% |
| Operating profit margin | 8.34% | 8.83% | 9.43% | 10.14% | 9.64% | 8.92% | 7.93% | 6.09% | 4.83% | 2.79% | 1.05% | -0.87% | -2.87% | -3.08% | -3.45% | -3.16% | -1.99% | -0.79% | 0.37% | 1.72% |
| Pretax margin | 5.88% | 7.09% | 8.15% | 9.98% | 9.35% | 9.06% | 7.56% | 3.54% | 2.88% | 1.20% | -0.66% | -0.90% | -4.34% | -5.24% | -5.45% | -5.56% | -3.15% | -2.15% | -0.64% | 0.63% |
| Net profit margin | 4.42% | 6.45% | 7.22% | 8.64% | 8.26% | 7.63% | 6.37% | 3.15% | 2.81% | 0.30% | -1.30% | -1.61% | -4.90% | -5.66% | -6.00% | -5.68% | -3.39% | -2.41% | -0.94% | 0.03% |
Titan International, Inc.'s profitability ratios show varying trends over the past eight quarters. The gross profit margin has been relatively stable, ranging between 16.14% and 17.09%. This indicates that the company has been able to maintain consistent profitability on its sales after accounting for the cost of goods sold.
The operating profit margin has shown more fluctuation, with a range of 5.98% to 10.00%. The highest margin in Q1 2023 suggests the company was able to control its operating expenses effectively during that period, leading to increased profitability from its core operations.
The pretax margin has also displayed volatility, spanning from 3.54% to 10.02%. The significant jump in Q1 2023 indicates that Titan International improved its efficiency in generating profits before taxes compared to previous quarters.
Lastly, the net profit margin, which reflects the company's bottom-line profitability, shows a similar pattern of fluctuation between 3.10% and 8.52%. The highest net profit margin in Q1 2023 suggests that Titan International effectively managed its tax obligations and other costs to maximize profitability for its shareholders during that period.
Overall, the company's profitability ratios indicate a mix of stable and fluctuating trends, suggesting varying degrees of efficiency in managing costs and generating profits across different quarters.
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) | 11.54% | 13.43% | 14.74% | 16.08% | 16.02% | 15.17% | 12.54% | 9.11% | 7.20% | 3.93% | 1.36% | -1.07% | -3.43% | -3.64% | -4.15% | -3.98% | -2.55% | -0.99% | 0.44% | 2.04% |
| Return on assets (ROA) | 6.11% | 9.81% | 11.28% | 13.70% | 13.72% | 12.97% | 10.07% | 4.72% | 4.19% | 0.42% | -1.69% | -1.99% | -5.85% | -6.69% | -7.22% | -7.16% | -4.35% | -3.02% | -1.14% | 0.03% |
| Return on total capital | 26.45% | 36.67% | 42.83% | 57.33% | 60.13% | 70.73% | 57.67% | 32.06% | 32.00% | 24.38% | 10.09% | 10.34% | -12.78% | -18.61% | -17.42% | -19.90% | -4.54% | -0.69% | 6.04% | 12.50% |
| Return on equity (ROE) | 16.86% | 28.48% | 32.72% | 43.78% | 46.24% | 51.26% | 43.39% | 24.13% | 21.62% | 2.68% | -10.50% | -12.70% | -33.69% | -40.04% | -42.49% | -42.36% | -20.62% | -14.69% | -5.10% | 0.15% |
The profitability ratios of Titan International, Inc. show a fluctuating trend over the past eight quarters. Operating return on assets (Operating ROA) has experienced some volatility, ranging from 9.11% in Q1 2022 to 16.08% in Q1 2023. This ratio measures the company's ability to generate operating income from its total assets, with higher values indicating better operational efficiency.
Return on assets (ROA) has also varied, with values ranging from 4.72% in Q1 2022 to 13.70% in Q1 2023. ROA reflects the company's overall profitability by measuring its net income against its total assets. Higher ROA values suggest better utilization of assets to generate income.
Return on total capital has shown a similar trend, ranging from 15.13% in Q1 2022 to 25.29% in Q1 2023. This ratio evaluates the company's profitability relative to the total capital employed, including both debt and equity. Increasing values indicate improved efficiency in generating returns from the total invested capital.
Return on equity (ROE) has been the most volatile, with values ranging from 24.13% in Q1 2022 to 46.24% in Q4 2022. ROE measures the company's profitability from the perspective of its shareholders' equity. Higher ROE values reflect better returns for equity investors.
Overall, Titan International, Inc.'s profitability ratios have shown fluctuation over the past eight quarters, with some quarters demonstrating strong profitability metrics while others have shown lower values. It is essential for investors and stakeholders to track these ratios over time to understand the company's financial performance and make informed decisions.