Alpha Metallurgical Resources Inc (AMR)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 721,956 | 766,620 | 925,623 | 1,318,425 | 1,448,545 | 1,485,310 | 1,315,757 | 722,609 | 288,790 | -68,808 | -220,709 | -440,019 | -446,899 | -487,687 | -487,582 | -362,942 | -316,319 | -18,836 | 61,590 |
| Total stockholders’ equity | US$ in thousands | 1,573,930 | 1,558,070 | 1,566,730 | 1,548,580 | 1,429,760 | 1,371,670 | 1,319,570 | 929,847 | 546,909 | 248,097 | 162,331 | 170,161 | 200,102 | 342,968 | 409,415 | 653,835 | 696,122 | 868,938 | 967,221 |
| ROE | 45.87% | 49.20% | 59.08% | 85.14% | 101.31% | 108.28% | 99.71% | 77.71% | 52.80% | -27.73% | -135.96% | -258.59% | -223.34% | -142.20% | -119.09% | -55.51% | -45.44% | -2.17% | 6.37% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $721,956K ÷ $1,573,930K
= 45.87%
Alpha Metallurgical Resources Inc's return on equity (ROE) has shown a declining trend over the past four quarters. In Q4 2022, the ROE was a substantial 101.31%, but it has since decreased steadily to 45.87% in Q4 2023. This indicates a potential decrease in the company's ability to generate profits from shareholder equity.
The fluctuation in ROE could be attributed to various factors such as changes in the company's profitability, leverage, or asset turnover. A high ROE, such as in Q4 2022, may suggest that the company effectively utilized its equity to generate profits. However, the subsequent decrease in ROE indicates that the company's profitability might have decreased or that its equity base has expanded faster than its profit generation.
Further analysis of the company's financial performance and operational efficiency is required to ascertain the reasons behind the fluctuating ROE and to determine any potential areas for improvement.
Peer comparison
Dec 31, 2023