Archrock Inc (AROC)
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 | 104,998 | 82,454 | 66,967 | 59,060 | 44,296 | 39,830 | 33,763 | 25,769 | 28,217 | 27,016 | 36,044 | -3,089 | -68,445 | -27,192 | -25,117 | 16,687 | 97,330 | 64,254 | 53,821 | 44,335 |
| Total stockholders’ equity | US$ in thousands | 871,021 | 861,093 | 855,533 | 853,050 | 860,693 | 869,816 | 873,918 | 872,323 | 891,438 | 904,047 | 913,821 | 923,124 | 935,557 | 949,685 | 950,873 | 999,472 | 1,085,960 | 1,057,020 | 832,890 | 842,292 |
| ROE | 12.05% | 9.58% | 7.83% | 6.92% | 5.15% | 4.58% | 3.86% | 2.95% | 3.17% | 2.99% | 3.94% | -0.33% | -7.32% | -2.86% | -2.64% | 1.67% | 8.96% | 6.08% | 6.46% | 5.26% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $104,998K ÷ $871,021K
= 12.05%
Archrock Inc's return on equity (ROE) has shown a positive trend over the past eight quarters. The ROE has been increasing consistently, indicating that the company is generating more profits relative to its shareholders' equity.
In Q4 2023, the ROE reached 11.84%, marking a significant improvement compared to the previous quarters. This upward trend suggests that Archrock Inc is utilizing its equity more efficiently to generate returns for its shareholders.
The steady growth in ROE from 2.82% in Q1 2022 to 11.84% in Q4 2023 reflects positively on the company's financial performance and management efficiency. It signals that Archrock Inc is effectively leveraging its capital to generate profits and create value for its shareholders.
Overall, the increasing trend in ROE demonstrates that Archrock Inc is on a path of improving financial health and profitability, which may attract potential investors looking for companies with strong performance metrics.
Peer comparison
Dec 31, 2023