Barnes Group Inc (B)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 15,996 | 13,479 | 99,873 | 63,375 | 158,350 |
| Total stockholders’ equity | US$ in thousands | 1,362,260 | 1,346,330 | 1,428,770 | 1,382,680 | 1,270,530 |
| ROE | 1.17% | 1.00% | 6.99% | 4.58% | 12.46% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $15,996K ÷ $1,362,260K
= 1.17%
The return on equity (ROE) of Barnes Group Inc. has fluctuated over the past five years, ranging from a high of 12.46% in 2019 to a low of 1.00% in 2022. In 2021, the ROE stood at 6.99%, indicating a moderate return on equity for that year. However, in 2023, the ROE decreased to 1.17%, reflecting a significant decline in profitability relative to the previous year. It is important for stakeholders to further investigate the factors contributing to this decline in ROE to assess the company's performance and prospects for future profitability.
Peer comparison
Dec 31, 2023
Company name
Symbol
ROE
Barnes Group Inc
B
1.17%
Crane Company
CR
18.85%
Crane NXT Co
CXT
19.53%
Parker-Hannifin Corporation
PH
23.56%
Watts Water Technologies Inc
WTS
17.32%