Brunswick Corporation (BC)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 420,400 | 677,000 | 593,300 | 372,700 | -131,000 |
| Total stockholders’ equity | US$ in thousands | 2,087,400 | 2,042,300 | 1,914,200 | 1,510,000 | 1,300,900 |
| ROE | 20.14% | 33.15% | 30.99% | 24.68% | -10.07% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $420,400K ÷ $2,087,400K
= 20.14%
The Return on Equity (ROE) for Brunswick Corp. has exhibited fluctuating trends over the past five years. In 2023, the ROE stood at 20.14%, showing a decrease from 33.15% in 2022 and a further decline from the peak of 30.99% in 2021. The company's ROE had also shown an improvement from 24.68% in 2020, which itself was a substantial increase from the negative figure of -10.07% in 2019.
These variations in ROE suggest that Brunswick Corp.'s ability to generate profit from shareholder equity has been somewhat inconsistent. The decrease in ROE from 2022 to 2023 may raise concerns about the company's profitability and efficient utilization of equity, potentially signaling a need for management to focus on improving operational efficiency and capital management strategies. Further analysis of the company's financial performance and strategies would be required to fully understand the factors driving these fluctuations in ROE over the years.
Peer comparison
Dec 31, 2023