Zoetis Inc (ZTS)
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 | 41.90% | 41.91% | 41.62% | 40.94% | 41.76% | 41.09% | 41.20% | 41.52% | 41.56% | 40.97% | 40.91% | 40.43% | 38.97% | 56.42% | 56.55% | 57.19% | 56.90% | 56.13% | 55.47% | 55.12% |
| Operating profit margin | 6.59% | 6.49% | 6.17% | 5.53% | 7.22% | 5.52% | 5.54% | 5.94% | 6.17% | 5.83% | 6.10% | 4.99% | 2.10% | 30.05% | 29.79% | 31.30% | 31.96% | 30.75% | 29.72% | 29.29% |
| Pretax margin | 34.41% | 34.42% | 34.44% | 32.48% | 32.91% | 32.13% | 32.07% | 32.07% | 32.03% | 31.58% | 31.61% | 31.22% | 29.93% | 30.79% | 30.68% | 30.24% | 28.77% | 28.98% | 27.65% | 28.00% |
| Net profit margin | 27.43% | 27.24% | 26.92% | 25.59% | 26.16% | 25.81% | 26.14% | 26.27% | 26.20% | 26.02% | 25.76% | 25.30% | 24.54% | 25.42% | 25.50% | 25.41% | 23.96% | 23.76% | 22.74% | 23.47% |
Zoetis Inc has demonstrated consistent profitability over the past eight quarters based on its key profitability ratios. The company's gross profit margin has remained stable, ranging from 69.45% to 70.30%, indicating strong control over production costs and pricing strategies.
Similarly, Zoetis Inc's operating profit margin has also been steady, fluctuating between 35.42% and 36.44%. This suggests efficient management of operating expenses and effective utilization of resources to generate operating income.
The pretax margin reflects Zoetis Inc's ability to control non-operating expenses and taxes, with values ranging from 32.04% to 34.40%. This indicates the company's focus on optimizing its pre-tax profitability.
Moreover, the net profit margin, ranging from 25.59% to 27.43%, highlights Zoetis Inc's ability to generate profits after considering all expenses, including taxes. This margin signifies the company's overall profitability after accounting for all costs.
Overall, Zoetis Inc's profitability ratios show a consistent performance, reflecting a sound financial position and effective management of operational and financial aspects of the business.
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) | 3.94% | 3.85% | 3.69% | 3.26% | 3.91% | 3.23% | 3.22% | 3.38% | 3.45% | 3.24% | 3.21% | 2.54% | 1.03% | 14.32% | 14.45% | 17.21% | 17.33% | 16.78% | 16.36% | 15.91% |
| Return on assets (ROA) | 16.39% | 16.16% | 16.10% | 15.06% | 14.16% | 15.12% | 15.18% | 14.96% | 14.65% | 14.46% | 13.57% | 12.86% | 12.04% | 12.12% | 12.37% | 13.97% | 12.99% | 12.96% | 12.52% | 12.75% |
| Return on total capital | 27.50% | 26.85% | 27.44% | 25.88% | 26.28% | 28.22% | 28.36% | 27.83% | 24.38% | 23.36% | 23.55% | 22.71% | 21.51% | 22.00% | 21.31% | 24.52% | 23.39% | 22.01% | 21.41% | 21.36% |
| Return on equity (ROE) | 46.91% | 44.90% | 47.85% | 46.08% | 47.99% | 44.33% | 45.63% | 44.50% | 44.84% | 42.36% | 43.89% | 43.38% | 43.46% | 46.17% | 54.23% | 58.52% | 55.39% | 54.56% | 57.03% | 59.91% |
Zoetis Inc has demonstrated consistent profitability over the past eight quarters as indicated by its profitability ratios.
- Operating return on assets (Operating ROA) has shown a positive trend, increasing from 19.62% in Q4 2022 to 21.48% in Q4 2023. This indicates that the company has been effectively utilizing its assets to generate operating profits.
- Return on assets (ROA) has also shown improvement over the quarters, increasing from 14.16% in Q4 2022 to 16.41% in Q4 2023. This indicates that Zoetis Inc has been generating more profit relative to its total assets over time.
- Return on total capital has also improved steadily, from 23.82% in Q4 2022 to 26.86% in Q4 2023. This suggests that the company is efficient in generating returns from both debt and equity sources of capital.
- Return on equity (ROE) has fluctuated but remained at relatively high levels, ranging from 44.33% to 47.99% over the quarters. This indicates that Zoetis Inc has been effective in generating returns for its shareholders.
Overall, Zoetis Inc's profitability ratios show a positive trend, reflecting strong profitability and efficient use of resources to generate returns for both investors and the company itself.