Alamo Group Inc (ALG)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 136,161 | 133,803 | 124,709 | 116,807 | 101,928 | 91,990 | 83,688 | 81,253 | 80,245 | 69,098 | 71,612 | 58,564 | 56,630 | 58,118 | 55,503 | 63,181 | 62,906 | 69,927 | 76,052 | 74,156 |
| Total stockholders’ equity | US$ in thousands | 932,763 | 887,734 | 865,942 | 822,348 | 785,360 | 737,031 | 736,442 | 727,180 | 705,663 | 691,662 | 681,241 | 651,241 | 635,003 | 605,213 | 577,151 | 560,409 | 577,943 | 551,052 | 542,832 | 521,484 |
| ROE | 14.60% | 15.07% | 14.40% | 14.20% | 12.98% | 12.48% | 11.36% | 11.17% | 11.37% | 9.99% | 10.51% | 8.99% | 8.92% | 9.60% | 9.62% | 11.27% | 10.88% | 12.69% | 14.01% | 14.22% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $136,161K ÷ $932,763K
= 14.60%
The return on equity (ROE) for Alamo Group Inc. has shown a positive trend over the past eight quarters. The ROE ranged from 11.17% to 15.07% during this period, indicating that the company has been effectively utilizing shareholder equity to generate profits. The highest ROE was recorded in Q3 2023 at 15.07%, suggesting that the company's profitability and efficiency in generating returns for its shareholders improved during that quarter. Overall, the consistent performance above 10% reflects positively on Alamo Group Inc.'s ability to generate profits relative to its shareholders' equity.
Peer comparison
Dec 31, 2023