Avery Dennison Corp (AVY)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 503,000 | 757,100 | 740,100 | 555,900 | 303,600 |
| Total stockholders’ equity | US$ in thousands | 2,127,900 | 2,032,200 | 1,924,400 | 1,484,900 | 1,204,000 |
| ROE | 23.64% | 37.26% | 38.46% | 37.44% | 25.22% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $503,000K ÷ $2,127,900K
= 23.64%
The return on equity (ROE) of Avery Dennison Corp has fluctuated over the past five years. In 2023, the ROE decreased to 23.64% from 37.26% in 2022, marking a significant decline. However, the ROE remains relatively strong compared to 2020 and 2019. Despite the drop in 2023, Avery Dennison Corp continues to generate solid returns for its shareholders. It is important to further investigate the factors influencing this decrease in ROE and assess the company's performance and profitability drivers over the years to gain a deeper understanding of its financial health and future prospects.
Peer comparison
Dec 31, 2023