Titan International Inc (TWI)
Profitability ratios
Return on sales
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 13.97% | 14.84% | 15.62% | 16.39% | 16.79% | 16.70% | 16.70% | 17.09% | 16.63% | 16.14% | 15.44% | 14.02% | 13.34% | 12.41% | 11.67% | 10.62% | 9.08% | 8.65% | 8.04% | 8.04% |
| Operating profit margin | 2.13% | 4.16% | 5.61% | 7.11% | 8.16% | 8.70% | 9.29% | 11.09% | 10.58% | 9.91% | 8.96% | 5.98% | 4.78% | 2.78% | 1.04% | -0.87% | -2.81% | -3.00% | -3.36% | -3.06% |
| Pretax margin | 0.45% | 1.60% | 3.29% | 4.66% | 6.02% | 7.23% | 8.22% | 10.02% | 9.33% | 9.07% | 7.59% | 3.54% | 2.87% | 1.03% | -0.86% | -1.13% | -4.62% | -5.37% | -5.58% | -5.68% |
| Net profit margin | -0.30% | -0.51% | 1.55% | 3.20% | 4.32% | 6.35% | 7.11% | 8.52% | 8.13% | 7.54% | 6.28% | 3.10% | 2.79% | 0.29% | -1.29% | -1.61% | -4.80% | -5.51% | -5.84% | -5.50% |
Titan International Inc has shown a positive trend in its profitability ratios over the years. The gross profit margin has been steadily increasing from 8.04% in March 2020 to 16.79% in December 2023, although it saw a slight decrease in the last quarter of 2024 to 13.97%.
The operating profit margin reflects an improvement, moving from negative margins in early 2020 to positive margins reaching a high of 11.09% in March 2023. However, there was a decline in the margins in the latter half of 2024, where it reached 2.13% in December.
Similarly, the pretax margin has shown a consistent positive direction, with an increase from -5.68% in March 2020 to 6.02% in December 2023. The net profit margin has also followed a positive trajectory, improving from -5.50% in March 2020 to 8.52% in March 2023.
Overall, Titan International Inc's profitability ratios demonstrate a steady improvement in operational efficiency and cost management over the reviewed period, albeit with some fluctuations in the most recent quarters.
Return on investment
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 2.48% | 4.57% | 5.84% | 6.88% | 11.54% | 13.43% | 14.74% | 17.84% | 17.86% | 17.06% | 14.37% | 9.11% | 7.20% | 3.93% | 1.36% | -1.07% | -3.43% | -3.64% | -4.15% | -3.98% |
| Return on assets (ROA) | -0.35% | -0.56% | 1.62% | 3.09% | 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% |
| Return on total capital | 7.92% | 9.03% | 12.89% | 15.81% | 27.52% | 37.74% | 43.67% | 58.25% | 60.89% | 71.56% | 62.99% | 40.70% | 36.31% | 26.40% | 9.90% | 3.44% | -20.78% | -25.69% | -27.69% | -25.88% |
| Return on equity (ROE) | -1.12% | -1.58% | 4.61% | 8.91% | 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% |
Titan International Inc's profitability ratios have shown significant improvement over the last few years. The Operating return on assets (Operating ROA) has steadily increased from a negative 3.98% in March 2020 to a positive 2.48% in December 2024, indicating the company's ability to generate operating profits from its assets.
Similarly, the Return on assets (ROA) has also improved consistently, moving from a negative 7.16% in March 2020 to a negative 0.35% in December 2024. This suggests that Titan International Inc has been more effective in utilizing its assets to generate earnings for its shareholders.
The Return on total capital has shown a remarkable turnaround, starting from negative figures in 2020 to reaching 7.92% by December 2024. This indicates that the company has been able to generate a positive return on the total invested capital, reflecting improved operational efficiency and financial performance.
Lastly, the Return on equity (ROE) has followed a similar positive trend, increasing from negative values in 2020 to -1.12% by December 2024. This shows that Titan International Inc has been successful in delivering higher returns for its equity shareholders over time.
Overall, the profitability ratios of Titan International Inc demonstrate a consistent and positive trajectory, reflecting the company's efforts to enhance profitability and create value for its stakeholders.