Amphastar P (AMPH)

Return on equity (ROE)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	159,519	137,545	91,386	62,116	1,403
Total stockholders’ equity	US$ in thousands	732,298	639,421	528,658	445,522	402,306
ROE		21.78%	21.51%	17.29%	13.94%	0.35%

December 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $159,519K ÷ $732,298K
= 21.78%

Amphastar P's return on equity (ROE) has shown a significant upward trend over the years based on the provided data. The ROE increased from 0.35% as of December 31, 2020, to 21.78% as of December 31, 2024. This indicates that the company has been effectively utilizing its shareholders' equity to generate profits. The consistent improvement in ROE reflects management's ability to generate higher returns on the company's equity capital. This trend suggests that the company has been efficiently leveraging its resources to create value for its shareholders. Overall, the increasing ROE of Amphastar P indicates positive financial performance and efficiency in utilizing its equity base over the years.