Waters Corporation (WAT)
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 | 59.20% | 59.53% | 61.95% | 72.06% | 63.62% | 63.31% | 63.18% | 61.89% | 62.42% | 63.30% | 63.10% | 52.72% | 60.02% | 60.52% | 60.73% | 61.47% | 62.87% | 63.35% | 63.36% | 63.21% |
| Operating profit margin | 28.61% | 28.82% | 29.11% | 29.24% | 29.88% | 29.25% | 29.73% | 29.97% | 29.98% | 30.59% | 30.08% | 30.39% | 27.87% | 27.56% | 28.44% | 28.42% | 30.05% | 30.37% | 30.30% | 30.40% |
| Pretax margin | 25.76% | 26.57% | 27.47% | 28.02% | 28.66% | 28.05% | 28.50% | 29.02% | 29.41% | 30.14% | 29.66% | 29.51% | 26.37% | 25.77% | 26.61% | 26.83% | 28.76% | 27.62% | 27.80% | 27.96% |
| Net profit margin | 22.47% | 22.42% | 23.04% | 23.64% | 24.21% | 24.00% | 24.58% | 24.96% | 25.28% | 25.82% | 25.16% | 25.02% | 22.52% | 22.47% | 23.15% | 23.27% | 25.12% | 24.44% | 24.56% | 25.07% |
Waters Corp. has shown consistent profitability over the past eight quarters based on the provided data. The gross profit margin has been relatively stable, ranging from 57.96% to 59.57%, indicating efficient cost management and pricing strategies.
The operating profit margin has also shown consistency, with values ranging from 27.66% to 30.02%. This indicates that Waters Corp. has been effective in controlling its operating expenses while generating revenue.
The pretax margin and net profit margin have also been relatively stable over the quarters. The pretax margin has ranged from 24.90% to 28.56%, while the net profit margin has ranged from 21.72% to 24.57%. This indicates that Waters Corp. has been efficiently managing its tax obligations and other expenses to generate bottom-line profits.
Overall, the profitability ratios of Waters Corp. demonstrate a strong performance in terms of generating profits relative to the company's revenue and costs. The consistency across the quarters indicates a robust financial position and effective management of resources.
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) | 17.67% | 18.67% | 18.74% | 25.77% | 26.62% | 27.66% | 27.93% | 27.81% | 26.55% | 26.42% | 25.45% | 23.31% | 22.73% | 23.07% | 23.90% | 24.59% | 27.71% | 27.98% | 25.33% | 22.05% |
| Return on assets (ROA) | 13.88% | 14.52% | 14.83% | 20.83% | 21.57% | 22.70% | 23.09% | 23.17% | 22.39% | 22.30% | 21.28% | 19.18% | 18.37% | 18.81% | 19.46% | 20.13% | 23.16% | 22.52% | 20.53% | 18.18% |
| Return on total capital | 23.66% | 24.99% | 25.43% | 41.98% | 43.04% | 45.18% | 46.49% | 46.50% | 43.67% | 43.13% | 42.14% | 40.74% | 44.80% | 44.73% | 46.71% | 43.44% | 51.82% | 52.16% | 44.51% | 35.52% |
| Return on equity (ROE) | 55.83% | 72.12% | 87.46% | 114.84% | 140.29% | 180.91% | 179.06% | 187.91% | 188.50% | 235.39% | 246.20% | 266.77% | 224.68% | — | — | — | — | 499.29% | 104.19% | 61.05% |
Waters Corp. has displayed consistent profitability over the quarters as evidenced by its profitability ratios. The operating return on assets (Operating ROA) has ranged from 17.67% to 28.42% over the past eight quarters, indicating that the company has efficiently utilized its assets to generate operating income.
The return on assets (ROA) has also shown stability, fluctuating between 13.88% and 23.17% during the same period. This metric highlights Waters Corp.'s ability to generate profit relative to its total assets.
Moreover, the return on total capital has demonstrated a strong performance, ranging from 23.32% to 47.33%. This metric considers the efficiency of both debt and equity capital in generating profits, showcasing the company's overall profitability.
The return on equity (ROE) has shown notable growth, ranging from 55.83% to 187.91% over the past eight quarters. This metric demonstrates Waters Corp.'s ability to generate a significant return for its shareholders' investments.
Overall, the profitability ratios indicate that Waters Corp. has been effectively managing its assets and capital to generate profits and create value for its shareholders.