Astec Industries Inc (ASTE)
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 | 33,500 | 17,600 | 24,900 | 7,900 | -100 | -9,100 | -800 | 11,400 | 15,800 | 41,200 | 33,800 | 34,800 | 46,900 | 13,100 | 14,500 | 28,600 | 22,300 | -6,289 | -2,294 | -66,368 |
| Total stockholders’ equity | US$ in thousands | 653,400 | 634,500 | 647,300 | 635,500 | 626,900 | 627,700 | 643,300 | 656,800 | 650,800 | 662,700 | 658,800 | 646,600 | 642,500 | 622,901 | 621,539 | 612,203 | 601,900 | 617,060 | 619,979 | 598,619 |
| ROE | 5.13% | 2.77% | 3.85% | 1.24% | -0.02% | -1.45% | -0.12% | 1.74% | 2.43% | 6.22% | 5.13% | 5.38% | 7.30% | 2.10% | 2.33% | 4.67% | 3.70% | -1.02% | -0.37% | -11.09% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $33,500K ÷ $653,400K
= 5.13%
To analyze Astec Industries Inc.'s return on equity (ROE) based on the data provided, we can observe fluctuations in the ROE over the past eight quarters.
Astec Industries Inc.'s ROE has reflected variability, ranging from negative figures to positive figures, over the examined period. Notably, there has been a general upward trend in ROE from Q2 2022 to Q4 2023. In Q4 2023, the ROE of 5.13% represents a significant improvement from the preceding quarters, reaching its highest point during the period analyzed.
The positive momentum in ROE from Q2 2022 to Q4 2023 indicates that Astec Industries Inc. has been effectively utilizing its equity to generate profit for its shareholders. However, it is essential to monitor the sustainability of this trend and investigate the factors driving the improvements in ROE to evaluate the company's long-term profitability and financial health.
Overall, while the recent increase in ROE is a positive sign for Astec Industries Inc., it is vital to conduct further analysis and consider additional financial metrics to gain a comprehensive understanding of the company's performance and prospects.
Peer comparison
Dec 31, 2023