Air Lease Corporation (AL)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 614,622 | -97,024 | 436,632 | 516,264 | 587,121 |
| Total stockholders’ equity | US$ in thousands | 7,160,040 | 6,646,360 | 7,008,570 | 6,072,340 | 5,623,540 |
| ROE | 8.58% | -1.46% | 6.23% | 8.50% | 10.44% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $614,622K ÷ $7,160,040K
= 8.58%
The return on equity (ROE) for Air Lease Corporation has displayed variability over the past five years. In 2023, the ROE stood at 8.58%, indicating that for every dollar of shareholders' equity, the company generated a return of 8.58%. This represents an improvement from the negative ROE of -1.46% in 2022, suggesting a turnaround in the company's profitability and efficiency in managing shareholder investments.
Compared to the relatively higher ROE figures of 10.44% in 2019 and 8.50% in 2020, the ROE in 2023 appears to be moderately positive, though slightly lower. The ROE of 6.23% in 2021 also falls within a similar range, indicating consistency in the company's ability to generate returns for shareholders over the past few years.
Overall, while the recent ROE of 8.58% signals a favorable performance in 2023, investors may want to closely monitor future ROE movements to assess the company's ongoing financial health and profitability.
Peer comparison
Dec 31, 2023