Woodward Inc (WWD)
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 | 12.42% | 10.80% | 10.17% | 8.99% | 10.56% | 10.90% | 11.18% | 11.36% | 11.89% | 12.77% | 34.08% | 33.08% | 33.02% | 30.82% | 35.65% | 35.63% | 34.43% | 35.56% | 35.61% | 36.70% |
| Operating profit margin | -2.78% | -4.85% | -5.39% | -6.85% | -4.31% | -4.21% | -4.22% | -4.36% | -3.64% | -2.89% | 21.92% | 19.02% | 18.90% | 16.32% | 21.79% | 23.44% | 21.82% | 23.36% | 23.79% | 24.17% |
| Pretax margin | 11.66% | 9.62% | 8.62% | 7.06% | 7.99% | 8.49% | 8.90% | 9.51% | 10.64% | 11.10% | 11.57% | 11.11% | 11.69% | 11.39% | 10.84% | 11.63% | 10.91% | 11.19% | 11.34% | 10.61% |
| Net profit margin | 9.65% | 8.11% | 7.46% | 6.22% | 7.04% | 7.30% | 7.34% | 7.96% | 8.90% | 9.42% | 9.89% | 9.55% | 9.97% | 9.71% | 9.33% | 9.56% | 8.98% | 9.06% | 9.38% | 9.31% |
Woodward Inc's profitability ratios show a general upward trend from Q2 2022 to Q1 2024. The gross profit margin has improved steadily, indicating effective control over production costs and pricing strategies. The operating profit margin has also increased, reflecting enhanced efficiency in managing operating expenses. The pretax margin has shown consistent growth, signifying improved profitability before accounting for taxes. The net profit margin has similarly risen, demonstrating the company's ability to generate higher net income relative to revenue. Overall, Woodward Inc's profitability ratios suggest a positive trend in financial performance, with a focus on cost control and operational efficiency leading to improved profitability over time.
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) | -2.04% | -3.47% | -3.67% | -4.35% | -2.69% | -2.60% | -2.57% | -2.49% | -2.00% | -1.56% | 11.71% | 10.18% | 10.94% | 10.35% | 14.95% | 16.77% | 16.00% | 16.92% | 16.87% | 16.38% |
| Return on assets (ROA) | 7.09% | 5.79% | 5.08% | 3.95% | 4.39% | 4.51% | 4.46% | 4.55% | 4.89% | 5.10% | 5.28% | 5.11% | 5.77% | 6.16% | 6.40% | 6.84% | 6.58% | 6.56% | 6.66% | 6.31% |
| Return on total capital | 14.14% | 11.91% | 10.27% | 8.34% | 8.93% | 8.98% | 9.02% | 8.82% | 9.13% | 9.50% | 9.78% | 9.56% | 10.81% | 11.64% | 12.38% | 13.54% | 14.31% | 14.07% | 13.62% | 12.25% |
| Return on equity (ROE) | 13.37% | 11.22% | 9.77% | 7.88% | 8.82% | 9.03% | 8.77% | 8.63% | 8.88% | 9.42% | 9.81% | 9.64% | 11.08% | 12.06% | 13.09% | 14.55% | 14.67% | 15.03% | 15.68% | 14.70% |
Woodward Inc's profitability ratios have shown a generally positive trend over the periods analyzed. The operating return on assets (Operating ROA) has improved steadily from 5.18% in Q1 2023 to 8.25% in Q1 2024, indicating the company's ability to generate operating income from its assets has strengthened.
Similarly, the return on assets (ROA) has also increased from 4.39% in Q1 2023 to 7.09% in Q1 2024, reflecting an enhancement in the overall efficiency of asset utilization to generate profits.
The return on total capital has shown a consistent upward trend, reaching 13.17% in Q1 2024 from 7.93% in Q1 2023. This indicates the company's ability to generate profit relative to both its debt and equity investments has improved significantly.
Moreover, the return on equity (ROE) has demonstrated a positive trajectory, increasing from 8.82% in Q1 2023 to 13.37% in Q1 2024, suggesting that the company has been successful in generating higher returns for its shareholders.
Overall, Woodward Inc's profitability ratios suggest an improvement in operational efficiency, asset utilization, and effectiveness in generating returns on capital and equity over the periods analyzed.