Brunswick Corporation (BC)
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 | 420,400 | 501,200 | 552,500 | 615,100 | 677,000 | 636,800 | 616,100 | 598,200 | 593,300 | 586,900 | 581,700 | 473,000 | 372,700 | 344,700 | -32,500 | -25,700 | -131,000 | -154,700 | 154,600 | 156,100 |
| Total stockholders’ equity | US$ in thousands | 2,087,400 | 2,085,800 | 2,101,400 | 2,062,500 | 2,042,300 | 2,001,000 | 2,004,600 | 1,979,900 | 1,914,200 | 1,849,700 | 1,769,500 | 1,642,600 | 1,510,000 | 1,458,200 | 1,364,400 | 1,303,700 | 1,300,900 | 1,418,200 | 1,537,300 | 1,526,900 |
| ROE | 20.14% | 24.03% | 26.29% | 29.82% | 33.15% | 31.82% | 30.73% | 30.21% | 30.99% | 31.73% | 32.87% | 28.80% | 24.68% | 23.64% | -2.38% | -1.97% | -10.07% | -10.91% | 10.06% | 10.22% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $420,400K ÷ $2,087,400K
= 20.14%
Brunswick Corp.'s return on equity (ROE) has displayed a decreasing trend over the past eight quarters, declining from 33.15% in Q4 2022 to 20.14% in Q4 2023. This indicates that the company's ability to generate profit from its shareholders' equity has weakened over time. The ROE peaked in Q1 2023 at 29.82% but has since been on a downward trajectory.
While the ROE figures are still relatively healthy, the consistent decline could be a cause for concern as it suggests that Brunswick Corp.'s profitability and efficiency in utilizing shareholders' equity have been diminishing. It is important for the company to closely monitor and address the factors contributing to this declining trend in order to ensure sustainable performance and continued shareholder value maximization.
Peer comparison
Dec 31, 2023