Axalta Coating Systems Ltd (AXTA)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 267,400 | 191,600 | 263,900 | 121,600 | 249,000 |
| Total stockholders’ equity | US$ in thousands | 1,727,300 | 1,453,500 | 1,492,900 | 1,433,000 | 1,354,200 |
| ROE | 15.48% | 13.18% | 17.68% | 8.49% | 18.39% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $267,400K ÷ $1,727,300K
= 15.48%
Axalta Coating Systems Ltd's Return on Equity (ROE) has varied over the past five years. In 2023, the ROE stood at 15.48%, which was an improvement compared to the previous year's ROE of 13.18%. The company's ROE was the highest in 2021 at 17.68%, followed by 2019 at 18.39%. However, there was a significant drop in ROE in 2020 to 8.49%.
Overall, Axalta Coating Systems Ltd's ROE has shown fluctuations over the period, indicating varying levels of efficiency in generating profits from shareholders' equity. It would be beneficial for investors and analysts to further investigate the factors driving these fluctuations to gain a deeper understanding of the company's performance and future prospects.
Peer comparison
Dec 31, 2023