Astec Industries Inc (ASTE)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 4,300 | -1,900 | -2,300 | 24,800 | 33,500 | 17,600 | 24,700 | 7,700 | -300 | -8,500 | 300 | 13,200 | 17,800 | 42,400 | 34,700 | 35,000 | 46,900 | 12,314 | 13,724 | 27,801 |
| Total stockholders’ equity | US$ in thousands | 637,600 | 631,400 | 633,300 | 650,300 | 653,400 | 634,800 | 647,500 | 635,600 | 626,900 | 628,100 | 643,900 | 657,400 | 654,800 | 663,100 | 659,300 | 646,600 | 643,000 | 623,300 | 621,800 | 612,500 |
| ROE | 0.67% | -0.30% | -0.36% | 3.81% | 5.13% | 2.77% | 3.81% | 1.21% | -0.05% | -1.35% | 0.05% | 2.01% | 2.72% | 6.39% | 5.26% | 5.41% | 7.29% | 1.98% | 2.21% | 4.54% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $4,300K ÷ $637,600K
= 0.67%
Astec Industries Inc's return on equity (ROE) has experienced fluctuations over the past few years. The ROE was relatively stable from March 2020 to March 2021, hovering around 4% to 7%. However, there was a notable decline in ROE in the following quarters, dropping to as low as -1.35% by September 2022.
Despite the challenges faced in the latter part of 2022, Astec Industries managed to make improvements in its ROE, reaching 5.13% by December 2023. However, the ROE dipped again in the following quarters, with negative ROE recorded in June and September 2024.
Overall, the trend in Astec Industries Inc's ROE reflects a period of inconsistency and volatility in the company's ability to generate returns for its shareholders. It is important for stakeholders to monitor the company's performance closely to understand the factors driving these fluctuations in ROE and assess the company's long-term profitability and financial health.
Peer comparison
Dec 31, 2024