Ufp Industries Inc (UFPI)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 19.66% | 18.59% | 16.29% | 15.53% | 15.52% |
| Operating profit margin | 8.96% | 9.87% | 8.54% | 6.71% | 5.55% |
| Pretax margin | 9.30% | 9.58% | 8.22% | 6.48% | 5.39% |
| Net profit margin | 7.13% | 7.20% | 6.20% | 4.79% | 4.07% |
Ufp Industries Inc has shown a consistent improvement in its profitability ratios over the past five years. The gross profit margin has been gradually increasing, reflecting efficient management of production costs and pricing strategies. This indicates that the company is generating more revenue after accounting for the cost of goods sold.
The operating profit margin has also exhibited a positive trend, demonstrating effective operational management and cost control. The company has been able to convert a higher percentage of revenue into profits before accounting for interest and taxes.
Furthermore, Ufp Industries Inc's pretax margin and net profit margin have both shown steady growth over the years. This suggests that the company is effectively managing its operating expenses and interest costs while maximizing profitability.
Overall, the improving trend in profitability ratios indicates that Ufp Industries Inc has been successful in enhancing its financial performance and generating consistent profits for its shareholders.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 16.09% | 25.88% | 22.73% | 14.38% | 12.96% |
| Return on assets (ROA) | 12.80% | 18.86% | 16.51% | 10.26% | 9.51% |
| Return on total capital | 21.15% | 32.98% | 32.06% | 19.37% | 17.56% |
| Return on equity (ROE) | 17.15% | 27.01% | 27.07% | 16.90% | 14.44% |
Ufp Industries Inc has shown a positive trend in profitability ratios over the past five years.
1. Operating return on assets (Operating ROA) has fluctuated but generally increased from 12.96% in 2019 to 16.09% in 2023, indicating that the company has become more effective in generating operating profits from its assets.
2. Return on assets (ROA) has also shown improvement, rising from 9.51% in 2019 to 12.80% in 2023. This demonstrates that the company has been able to generate more profit from its total assets over the years.
3. Return on total capital has shown a steady improvement, increasing from 17.56% in 2019 to 21.15% in 2023. This indicates that Ufp Industries has been able to generate strong returns for its total invested capital.
4. Return on equity (ROE) has consistently improved from 14.44% in 2019 to 17.15% in 2023. This shows that the company has been successful in creating value for its shareholders over time.
Overall, Ufp Industries Inc's profitability ratios suggest that the company has been effectively utilizing its assets and capital to generate profits and create value for its shareholders.