Armstrong World Industries Inc (AWI)

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	223,800	225,800	213,800	205,800	202,900	196,000	189,300	192,200	183,200	164,100	167,300	162,500	-99,100	-74,200	-55,000	-50,800	214,500	201,400	204,400	197,200
Total stockholders’ equity	US$ in thousands	591,800	585,500	566,700	544,800	535,000	521,200	527,800	537,600	519,700	522,200	498,300	473,600	450,900	442,600	402,900	370,400	364,900	367,300	243,100	245,100
ROE		37.82%	38.57%	37.73%	37.78%	37.93%	37.61%	35.87%	35.75%	35.25%	31.42%	33.57%	34.31%	-21.98%	-16.76%	-13.65%	-13.71%	58.78%	54.83%	84.08%	80.46%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $223,800K ÷ $591,800K
= 37.82%

Armstrong World Industries Inc. has consistently demonstrated strong return on equity (ROE) performance, ranging from 35.68% to 38.57% over the past eight quarters. The company's ROE has shown stability, with only minor fluctuations within this range. This indicates that Armstrong World Industries is effectively utilizing its shareholders' equity to generate profits. Overall, the company's ROE performance suggests efficient management of assets and effective capital structure, reflecting positively on its financial health and profitability.

Peer comparison

Dec 31, 2023

Company name

Symbol

ROE

Armstrong World Industries Inc

AWI

37.82%

AptarGroup Inc

ATR

12.33%

Berry Global Group Inc