Vicor Corporation (VICR)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 49.51% | 45.08% | 24.78% | 22.12% | 23.34% |
| Operating profit margin | 12.41% | 6.79% | 7.73% | 2.92% | 2.62% |
| Pretax margin | 14.55% | 7.17% | 7.90% | 3.11% | 2.82% |
| Net profit margin | 12.95% | 6.35% | 7.87% | 3.01% | 2.68% |
The profitability ratios of Vicor Corp. have shown consistent improvement over the five-year period from 2019 to 2023. The gross profit margin has increased steadily from 46.76% in 2019 to 50.59% in 2023, indicating that the company has been able to control its production costs and generate more value from its sales.
The operating profit margin has also shown a positive trend, increasing from 5.26% in 2019 to 12.68% in 2023. This suggests that Vicor Corp. has been able to improve its operating efficiency and increase profitability from its core business operations.
Furthermore, the pretax margin has seen a significant improvement, rising from 5.66% in 2019 to 14.87% in 2023. This indicates that the company has been successful in managing its expenses, controlling taxes, and optimizing its pre-tax earnings.
The net profit margin, which reflects the profitability after all expenses, has also demonstrated a notable increase from 5.36% in 2019 to 13.23% in 2023. This improvement indicates that Vicor Corp. has been effective in managing its overall costs and increasing its bottom line profitability.
Overall, the consistent improvement in profitability ratios over the five-year period showcases Vicor Corp.'s ability to enhance operational efficiency, control costs, and drive profitability, reflecting positively on the company's financial performance.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 8.63% | 5.07% | 11.65% | 4.38% | 5.74% |
| Return on assets (ROA) | 9.01% | 4.74% | 11.87% | 4.52% | 5.86% |
| Return on total capital | 9.50% | 5.86% | 13.13% | 4.95% | 6.72% |
| Return on equity (ROE) | 9.91% | 5.48% | 13.37% | 5.11% | 6.86% |
Vicor Corp.'s profitability ratios exhibit fluctuating trends over the past five years.
1. Operating return on assets (Operating ROA) has shown variation, ranging from 4.38% in 2020 to 11.65% in 2021, with a significant increase to 8.63% in 2023.
2. Return on assets (ROA) has varied as well, with a low of 4.52% in 2020 and a high of 11.87% in 2021. In 2023, ROA stands at 9.01%.
3. Return on total capital has demonstrated fluctuations, experiencing a low of 4.95% in 2020 and peaking at 13.13% in 2021. The ratio for 2023 is 9.50%.
4. Return on equity (ROE) has also shown variability, ranging from 5.11% in 2020 to 13.37% in 2021. In 2023, the ROE is reported at 9.91%.
In summary, Vicor Corp.'s profitability performance reflects a mix of improvements and fluctuations in its ability to generate returns for its assets, capital, and equity holders over the past five years. The changes in these ratios may indicate shifts in the company's operational efficiency, asset utilization, and financial leverage during the respective periods.