Vector Group Ltd (VGR)
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 | 23.79% | 25.93% | 27.07% | 28.47% | 30.70% | 31.38% | 33.29% | 35.33% | 36.96% | 29.98% | 25.88% | 22.90% | 20.14% | 22.94% | 25.85% | 28.29% | 31.07% | 31.69% | 32.11% | 32.74% |
| Operating profit margin | 23.03% | 22.81% | 22.14% | 23.11% | 23.53% | 22.88% | 24.13% | 25.33% | 26.25% | 21.88% | 18.86% | 16.56% | 14.50% | 13.84% | 13.23% | 12.83% | 11.93% | 12.23% | 12.47% | 12.38% |
| Pretax margin | 17.44% | 17.01% | 15.48% | 15.31% | 15.31% | 14.91% | 16.75% | 22.66% | 23.12% | 19.18% | 15.87% | 10.42% | 7.24% | 4.80% | 4.58% | 5.38% | 6.81% | 7.41% | 6.34% | 5.22% |
| Net profit margin | 12.89% | 12.17% | 11.09% | 11.00% | 11.01% | 11.21% | 12.65% | 17.44% | 17.98% | 13.86% | 11.25% | 6.94% | 4.58% | 3.71% | 3.69% | 4.20% | 5.21% | 5.83% | 4.68% | 3.73% |
Vector Group Ltd's profitability ratios have shown a gradual decline in Q4 2023 compared to the previous quarters. The gross profit margin decreased from 32.22% in Q4 2023 to 30.41% in Q1 2023, indicating a decrease in overall profitability on sales. Similarly, the operating profit margin decreased from 24.65% in Q3 2023 to 23.28% in Q1 2023, reflecting a decrease in operating efficiency.
The pretax margin also showed a decline from 17.01% in Q3 2023 to 15.31% in Q1 2023, indicating lower profitability before accounting for taxes. Additionally, the net profit margin decreased from 11.99% in Q3 2023 to 10.66% in Q1 2023, showing a drop in bottom-line profitability after all expenses are accounted for.
Overall, Vector Group Ltd's profitability ratios suggest a decrease in profitability over the quarters, which may warrant further analysis and attention to identify the factors contributing to this downward trend and take corrective actions.
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) | 35.12% | 29.58% | 30.89% | 35.38% | 37.31% | 30.33% | 31.81% | 35.02% | 36.79% | 21.22% | 21.92% | 21.80% | 21.92% | 18.43% | 18.50% | 16.93% | 15.36% | 15.72% | 16.01% | 15.29% |
| Return on assets (ROA) | 19.65% | 15.77% | 15.47% | 16.83% | 17.47% | 14.85% | 16.68% | 24.11% | 25.19% | 13.44% | 13.08% | 9.13% | 6.92% | 4.95% | 5.16% | 5.54% | 6.71% | 7.49% | 6.00% | 4.61% |
| Return on total capital | — | — | — | — | — | 56.29% | 58.17% | 70.66% | 70.91% | 48.30% | 48.00% | 40.97% | 36.56% | 29.94% | 29.95% | 35.74% | 37.88% | 55.18% | 52.02% | 36.06% |
| Return on equity (ROE) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Vector Group Ltd's profitability ratios have shown a generally positive trend over the quarters analyzed.
Operating return on assets (Operating ROA) has been consistently high, ranging from 31.97% to 37.34% in the recent quarters. This indicates that the company is generating significant operating profits relative to its assets.
Return on assets (ROA) has also been strong, ranging from 15.11% to 19.11%. This ratio reflects the company's ability to generate profits from its total assets, and the increasing trend indicates efficient asset utilization.
Return on total capital has consistently been high, with values ranging from 54.32% to 57.12%. This ratio measures the overall efficiency of the company in generating profits from both debt and equity capital invested in the business.
Unfortunately, data for Return on equity (ROE) is not provided in the table. ROE measures the return generated on shareholders' equity, so it would have provided insight into the profitability for investors.
Overall, based on the available data, Vector Group Ltd appears to have strong profitability metrics, with a focus on generating returns both on operational assets and total capital.