Advanced Energy Industries Inc (AEIS)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 128,284 | 199,660 | 134,736 | 134,675 | 64,941 |
| Total stockholders’ equity | US$ in thousands | 1,144,180 | 1,066,270 | 870,851 | 814,739 | 676,714 |
| ROE | 11.21% | 18.73% | 15.47% | 16.53% | 9.60% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $128,284K ÷ $1,144,180K
= 11.21%
Advanced Energy Industries Inc.'s return on equity (ROE) has shown fluctuations over the past five years. The ROE for the most recent year, as of Dec 31, 2023, was 11.21%, which represents a decrease from the previous year's ROE of 18.73%. Despite the decrease, the company's ROE remains positive, indicating that it is generating a return for shareholders.
Looking further back, the ROE for 2021 was 15.47%, which was higher than in 2020 (16.53%) but lower than in 2019 (9.60%). This suggests that the company's profitability and efficiency in generating returns on equity have varied over the years.
Overall, Advanced Energy Industries Inc.'s ROE performance has been mixed, with some years showing strong returns for shareholders and others exhibiting a decline. Investors and stakeholders may want to assess the company's strategic initiatives and financial management practices to understand the factors driving these fluctuations in ROE.
Peer comparison
Dec 31, 2023