The Andersons Inc (ANDE)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 101,190 | 131,080 | 103,986 | 7,710 | 18,307 |
| Total stockholders’ equity | US$ in thousands | 1,282,900 | 1,198,600 | 1,072,420 | 961,891 | 973,610 |
| ROE | 7.89% | 10.94% | 9.70% | 0.80% | 1.88% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $101,190K ÷ $1,282,900K
= 7.89%
Andersons Inc.'s return on equity (ROE) has fluctuated over the past five years. In 2023, the ROE was 7.89%, which represents a slight decrease from the previous year's ROE of 10.94%. Despite the decrease, the company's ROE in 2023 remains relatively stable compared to earlier years.
The ROE in 2022 was the highest in the dataset at 10.94%, indicating that the company generated a higher return for its shareholders that year. This improvement may have been driven by increased profitability or more efficient use of equity.
In 2021, Andersons Inc.'s ROE was 9.70%, showing a positive performance compared to the prior years. The company's ROE in 2020 was significantly lower at 0.80%, which may indicate challenges or inefficiencies affecting the company's profitability and use of equity that year.
Furthermore, in 2019, Andersons Inc. had an ROE of 1.88%, which was still low but showed a slight improvement from the previous year. Overall, the trend in ROE for Andersons Inc. suggests some variability in the company's ability to generate returns for its shareholders over the past five years, with fluctuations in profitability and efficiency in utilizing equity.
Peer comparison
Dec 31, 2023