Varex Imaging Corp (VREX)
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 | 32.31% | 32.45% | 31.41% | 31.78% | 32.19% | 32.78% | 33.09% | 33.35% | 33.03% | 32.99% | 32.36% | 27.28% | 26.31% | 25.76% | 28.15% | 31.50% | 32.44% | 32.88% | 31.84% | 32.16% |
| Operating profit margin | 7.77% | 8.62% | 8.48% | 8.53% | 9.95% | 10.20% | 10.48% | 10.85% | 9.70% | 9.00% | 4.66% | -2.51% | -4.55% | -4.56% | -0.60% | 3.36% | 5.02% | 5.85% | 4.68% | 5.03% |
| Pretax margin | 2.82% | 3.44% | 4.81% | 4.50% | 5.27% | 5.09% | 5.20% | 5.44% | 4.26% | 3.41% | -2.32% | -10.20% | -10.82% | -9.90% | -4.20% | 0.87% | 1.99% | 2.72% | 1.42% | 1.84% |
| Net profit margin | 5.07% | 5.39% | 3.22% | 3.19% | 3.65% | 3.50% | 3.01% | 3.47% | 2.98% | 2.11% | -2.38% | -8.18% | -8.90% | -7.84% | -3.04% | 0.44% | 1.41% | 1.99% | 0.96% | 1.64% |
Varex Imaging Corp's profitability has shown fluctuations in recent periods. The company's gross profit margin has remained relatively stable around the low 30s percentage range. This indicates that despite variations, the company has been able to maintain a consistent level of profitability on sales after accounting for the cost of goods sold.
However, the operating profit margin has seen more significant fluctuations, ranging from negative figures to double digits. This suggests that Varex Imaging Corp's operating expenses have had a greater impact on its bottom line performance, leading to inconsistent profitability at the operating level.
The pretax margin has also varied notably, with positive and negative values recorded over the periods analyzed. This indicates fluctuations in the company's ability to generate profits before accounting for income taxes, highlighting potential challenges in managing expenses and maximizing revenues consistently.
The net profit margin, representing the company's bottom line profitability after all expenses are accounted for, has shown similar volatility. Varex Imaging Corp's ability to convert revenue into net income has fluctuated, indicating varying levels of efficiency in managing costs and expenses to generate profits.
Overall, the analysis of Varex Imaging Corp's profitability ratios suggests that while the company has maintained a relatively stable gross profit margin, its operational and net profitability have shown more inconsistency, possibly due to challenges in controlling expenses and maximizing revenue generation.
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) | 5.50% | 6.17% | 6.39% | 6.40% | 7.38% | 7.45% | 7.74% | 8.12% | 7.20% | 6.46% | 2.99% | -1.57% | -2.83% | -2.96% | -0.41% | 2.48% | 3.73% | 4.40% | 3.44% | 4.00% |
| Return on assets (ROA) | 3.59% | 3.86% | 2.43% | 2.39% | 2.71% | 2.56% | 2.23% | 2.60% | 2.21% | 1.52% | -1.52% | -5.12% | -5.54% | -5.08% | -2.09% | 0.32% | 1.05% | 1.49% | 0.71% | 1.30% |
| Return on total capital | 5.34% | 5.96% | 7.75% | 7.68% | 8.78% | 8.86% | 9.29% | 9.77% | 8.39% | 7.67% | 3.16% | -3.31% | -4.44% | -4.61% | -1.17% | 3.41% | 4.66% | 5.23% | 3.91% | 4.71% |
| Return on equity (ROE) | 7.84% | 8.49% | 5.53% | 5.48% | 6.25% | 5.68% | 5.03% | 5.93% | 5.11% | 3.60% | -3.75% | -12.76% | -13.99% | -12.82% | -5.01% | 0.78% | 2.50% | 3.48% | 1.70% | 2.91% |
Varex Imaging Corp's profitability ratios have fluctuated over the past few quarters.
- Operating return on assets (Operating ROA) has varied between 5.50% to 8.12% over the last four quarters. This ratio indicates how effectively the company is generating profits from its assets used in operations.
- Return on assets (ROA) has ranged from 1.52% to 3.86% during the same period. ROA measures the company's overall efficiency in utilizing its assets to generate earnings.
- Return on total capital has shown more variability, ranging from -4.61% to 9.77% over the same timeframe. This ratio provides insight into how well the company is earning a return on both its debt and equity investments.
- Return on equity (ROE) fluctuated between 3.60% to 8.49% over the past year. ROE indicates the company's ability to generate a return for its shareholders from the equity invested in the company.
Overall, Varex Imaging Corp's profitability ratios show some inconsistency in performance, with fluctuations observed in the efficiency of asset utilization and the ability to generate returns for both debt and equity investors. Further analysis of the company's operational and financial strategies may help provide insights into these variations.