Brinks Company (BCO)

Return on equity (ROE)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	162,900	119,400	136,100	122,000	87,700	137,700	111,300	114,300	170,600	175,200	175,000	163,800	105,200	80,800	37,900	26,900	16,000	-11,800	17,500	17,100
Total stockholders’ equity	US$ in thousands	312,500	277,100	320,500	396,400	397,400	462,800	664,200	605,000	570,200	202,700	240,500	240,000	252,600	249,000	174,000	225,100	202,500	90,000	111,300	82,000
ROE		52.13%	43.09%	42.46%	30.78%	22.07%	29.75%	16.76%	18.89%	29.92%	86.43%	72.77%	68.25%	41.65%	32.45%	21.78%	11.95%	7.90%	-13.11%	15.72%	20.85%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $162,900K ÷ $312,500K
= 52.13%

Brinks Company's return on equity (ROE) has shown fluctuations over the periods analyzed. From March 31, 2020, to December 31, 2024, the ROE varied between -13.11% and 86.43%.

The ROE improved significantly from negative figures in September 2020 to a high of 86.43% in September 2022, indicating a strong performance in generating profits relative to shareholders' equity. This peak was sustained in the following quarter, December 2022, before experiencing a decline to 29.92%.

Following the temporary drop, the ROE recovered moderately in the first quarter of 2023, reaching 18.89%, and continued to increase gradually over the subsequent quarters. By December 31, 2024, the ROE stood at 52.13%.

Overall, the ROE trend indicates that Brinks Company has demonstrated the ability to utilize shareholder equity efficiently to generate profits, with some periods of exceptional performance and others of more modest growth. Continued monitoring of the ROE will be essential to assess the company's ongoing financial health and performance.