Ametek Inc (AME)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,313,190 | 1,159,540 | 990,053 | 872,439 | 861,297 |
| Total stockholders’ equity | US$ in thousands | 8,730,190 | 7,476,510 | 6,871,880 | 5,949,350 | 5,115,490 |
| ROE | 15.04% | 15.51% | 14.41% | 14.66% | 16.84% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,313,190K ÷ $8,730,190K
= 15.04%
Ametek Inc's return on equity (ROE) has shown a somewhat steady performance over the past five years. The ROE ranged from 14.41% in 2021 to 16.84% in 2019. In 2023, the ROE stood at 15.04%, slightly lower compared to the previous year. This indicates that for every dollar of shareholders' equity, the company generated a return of 15.04 cents in 2023.
Overall, the company has been able to maintain a reasonably healthy ROE, demonstrating its ability to generate profits from shareholders' equity. However, the slight fluctuations in the ROE over the years may require further investigation to understand the factors influencing the company's profitability and efficiency in utilizing shareholder funds.
Peer comparison
Dec 31, 2023