Brinks Company (BCO)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	87,700	170,600	105,200	16,000	29,000
Total stockholders’ equity	US$ in thousands	397,400	447,100	123,000	128,800	191,800
ROE		22.07%	38.16%	85.53%	12.42%	15.12%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $87,700K ÷ $397,400K
= 22.07%

Over the past five years, Brink`s Co. has exhibited fluctuations in its return on equity (ROE) performance. ROE measures the company's ability to generate profit from shareholders' equity.

In 2023, Brink`s Co. reported an ROE of 22.07%, which was a decrease from the previous year's ROE of 38.16%. This decline indicates that the company's profitability in relation to its equity decreased year over year.

The significant drop in ROE from 2021 to 2022, where ROE decreased from 85.53% to 38.16%, suggests a potential decline in the company's efficiency in generating profits from shareholders' equity during that period.

Brink`s Co. experienced a notable increase in ROE from 2020 to 2021, jumping from 12.42% to 85.53%. This surge may indicate improved profitability and efficiency in utilizing equity during that year.

Comparing the latest ROE figures to those of 2019, when Brink`s Co. reported an ROE of 15.12%, shows an overall improvement in recent years.

It is essential for Brink`s Co. to continue monitoring its ROE performance to ensure sustainable profitability and efficient use of shareholders' equity in the future.