United Rentals Inc (URI)
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 | 40.56% | 41.29% | 41.86% | 42.29% | 42.91% | 41.98% | 41.30% | 40.57% | 39.66% | 38.63% | 37.96% | 37.46% | 37.32% | 37.66% | 38.03% | 38.85% | 39.25% | 40.25% | 40.87% | 41.27% |
| Operating profit margin | 26.70% | 27.25% | 27.38% | 27.41% | 27.76% | 26.55% | 25.41% | 24.32% | 23.44% | 22.15% | 21.73% | 21.44% | 21.10% | 21.70% | 22.14% | 22.89% | 23.01% | 23.00% | 23.08% | 23.48% |
| Pretax margin | 22.40% | 23.05% | 23.34% | 23.49% | 24.07% | 22.94% | 21.42% | 20.17% | 19.00% | 17.24% | 14.91% | 14.04% | 13.35% | 13.61% | 15.76% | 16.24% | 16.19% | 16.37% | 16.49% | 17.37% |
| Net profit margin | 16.91% | 17.15% | 17.34% | 17.65% | 18.08% | 17.51% | 16.41% | 15.22% | 14.27% | 13.04% | 11.36% | 10.87% | 10.43% | 10.69% | 12.37% | 12.52% | 12.55% | 12.46% | 12.32% | 12.91% |
United Rentals, Inc. has demonstrated relatively stable profitability ratios over the past eight quarters. The gross profit margin, which measures the proportion of revenue retained after accounting for the cost of goods sold, has remained consistently high, ranging from 56.96% to 58.83%. This indicates effective management of production and procurement costs.
The operating profit margin, a key indicator of operational efficiency, has also shown consistency, fluctuating between 24.36% and 27.76%. This suggests the company has been successful in controlling its operating expenses while generating sales.
Furthermore, the pretax margin, reflecting the percentage of each dollar of revenue that translates into pre-tax profit, has shown a similar pattern, ranging from 20.17% to 24.07%. This indicates the company's ability to efficiently manage its tax obligations and other non-operating expenses.
Lastly, the net profit margin, which represents the percentage of revenue remaining after all expenses have been deducted, has remained relatively stable between 15.22% and 18.08%. This suggests effective management of interest payments, taxes, and other financial costs.
Overall, United Rentals, Inc. has maintained strong profitability ratios, reflecting efficient cost control and effective revenue management over the analyzed period.
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) | 14.96% | 14.66% | 14.15% | 13.80% | 13.36% | 13.79% | 13.02% | 12.28% | 11.22% | 10.06% | 9.74% | 10.34% | 10.07% | 10.55% | 11.14% | 11.35% | 11.34% | 10.90% | 10.70% | 10.65% |
| Return on assets (ROA) | 9.47% | 9.23% | 8.97% | 8.89% | 8.70% | 9.09% | 8.41% | 7.69% | 6.83% | 5.92% | 5.10% | 5.24% | 4.98% | 5.20% | 6.22% | 6.21% | 6.19% | 5.91% | 5.71% | 5.85% |
| Return on total capital | 47.07% | 48.84% | 48.69% | 47.69% | 45.77% | 46.48% | 44.84% | 40.71% | 38.01% | 37.24% | 37.57% | 38.23% | 39.60% | 45.40% | 51.04% | 58.93% | 56.19% | 57.97% | 58.60% | 58.64% |
| Return on equity (ROE) | 29.82% | 30.74% | 30.85% | 30.70% | 29.81% | 30.65% | 28.94% | 25.48% | 23.13% | 21.92% | 19.65% | 19.39% | 19.58% | 22.37% | 28.51% | 32.24% | 30.65% | 31.40% | 31.28% | 32.24% |
United Rentals, Inc.'s profitability ratios indicate a consistent improvement in its ability to generate returns from its assets and capital over the past eight quarters. The operating return on assets (Operating ROA) has shown a positive trend, increasing from 12.30% in Mar 31, 2022, to 15.07% in Dec 31, 2023. This indicates that the company's operating profits as a percentage of its total assets have been on an upward trajectory.
The return on assets (ROA) also displays a similar positive trend, rising from 7.69% in Mar 31, 2022, to 9.47% in Dec 31, 2023. This signals an improvement in the company's overall profitability in relation to its total assets.
Furthermore, the return on total capital has consistently increased, reaching 19.62% by Dec 31, 2023, from 15.93% in Mar 31, 2022. This demonstrates the company's efficient use of its total capital to generate returns.
The return on equity (ROE) also exhibits a promising pattern, with an upward trajectory from 25.48% in Mar 31, 2022, to 29.82% in Dec 31, 2023, signifying an improvement in the company's ability to generate profits from shareholders' equity.
Overall, United Rentals, Inc.'s profitability ratios reflect positive trends, indicating the company's ability to generate increasing returns from its assets and capital over the past eight quarters.