AAON Inc (AAON)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 177,623 | 100,376 | 58,758 | 79,009 | 53,711 |
| Total stockholders’ equity | US$ in thousands | 735,224 | 560,714 | 466,170 | 350,865 | 290,140 |
| ROE | 24.16% | 17.90% | 12.60% | 22.52% | 18.51% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $177,623K ÷ $735,224K
= 24.16%
Analyzing AAON Inc.'s return on equity (ROE) over the past five years reveals fluctuations in the company's ability to generate profits from shareholders' equity. The ROE has shown an upward trend from 2019 to 2020, reaching a peak of 22.52%, indicating improved efficiency in using equity to generate earnings. However, in 2021, there was a significant drop to 12.60%, suggesting a decline in profitability or perhaps increased equity base. The company rebounded in 2022 with an ROE of 17.90% but notably surpassed previous performance in 2023 with an ROE of 24.16%, indicating a strong return on equity and enhanced shareholder value. Overall, AAON Inc.'s ROE performance reflects a mix of fluctuations and improvements in the efficient utilization of shareholders' equity over the past five years.
Peer comparison
Dec 31, 2023