The Andersons Inc (ANDE)
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 | 101,190 | 59,028 | 86,068 | 110,827 | 131,080 | 151,698 | 130,688 | 94,382 | 103,986 | 90,335 | 73,539 | 60,479 | 7,710 | -1,632 | -4,811 | -5,362 | 18,307 | 35,411 | 37,550 | 29,191 |
| Total stockholders’ equity | US$ in thousands | 1,282,900 | 1,240,740 | 1,230,990 | 1,169,590 | 1,198,600 | 1,193,920 | 1,167,150 | 1,089,020 | 1,072,420 | 1,033,440 | 1,022,500 | 983,667 | 961,891 | 939,199 | 939,388 | 912,257 | 973,610 | 962,458 | 970,114 | 947,284 |
| ROE | 7.89% | 4.76% | 6.99% | 9.48% | 10.94% | 12.71% | 11.20% | 8.67% | 9.70% | 8.74% | 7.19% | 6.15% | 0.80% | -0.17% | -0.51% | -0.59% | 1.88% | 3.68% | 3.87% | 3.08% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $101,190K ÷ $1,282,900K
= 7.89%
To analyze Andersons Inc.'s return on equity (ROE) based on the provided data, we can observe a fluctuating trend in the ROE over the last eight quarters.
As of Q4 2023, the ROE stands at 7.89%, showing a decrease compared to the previous quarter's 4.76%. This decrease may indicate a decline in the company's profitability relative to its shareholders' equity.
Looking back over the quarters, the ROE has been on a downward trend since Q4 2022, where it was at its highest at 10.94%. The subsequent quarters show a gradual decrease in ROE, with occasional fluctuations. The latest quarter's ROE of 7.89% is notably lower compared to the same period in the previous year, Q4 2022.
Overall, the decreasing trend in ROE over the quarters could suggest potential challenges in generating profits relative to the shareholders' equity. This trend indicates a need for further analysis of the company's financial performance, profitability drivers, and potential strategies for improving ROE in subsequent quarters.
Peer comparison
Dec 31, 2023