AptarGroup Inc (ATR)
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 | 284,487 | 281,128 | 251,076 | 231,629 | 239,288 | 237,901 | 230,917 | 222,568 | 244,097 | 239,720 | 256,176 | 242,739 | 214,040 | 209,346 | 202,380 | 234,456 | 242,207 | 234,344 | 216,590 | 198,450 |
| Total stockholders’ equity | US$ in thousands | 2,306,820 | 2,199,740 | 2,174,390 | 2,112,820 | 2,053,940 | 1,874,680 | 1,934,110 | 1,983,270 | 1,969,410 | 1,957,900 | 1,986,280 | 1,900,410 | 1,850,390 | 1,759,570 | 1,645,630 | 1,587,290 | 1,571,920 | 1,553,660 | 1,581,110 | 1,467,400 |
| ROE | 12.33% | 12.78% | 11.55% | 10.96% | 11.65% | 12.69% | 11.94% | 11.22% | 12.39% | 12.24% | 12.90% | 12.77% | 11.57% | 11.90% | 12.30% | 14.77% | 15.41% | 15.08% | 13.70% | 13.52% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $284,487K ÷ $2,306,820K
= 12.33%
Aptargroup Inc.'s return on equity (ROE) has shown some fluctuation over the past eight quarters. The ROE ranged from a low of 10.96% in Q1 2023 to a high of 12.78% in Q3 2023. On average, the ROE was around 11.9% during this period.
The declining trend in ROE from Q2 2022 to Q1 2023 might indicate a decrease in the company's profitability relative to its equity base. However, there was a slight recovery in the most recent quarter (Q4 2023) with an ROE of 12.33%.
Overall, Aptargroup Inc.'s ROE performance suggests that the company has been able to generate a moderate return for its shareholders in relation to the equity they have invested in the business. Further analysis, taking into consideration the company's financial strategy, operations, and industry dynamics, would be needed to understand the factors driving the ROE fluctuations and assess the sustainability of the company's profitability.
Peer comparison
Dec 31, 2023