Brinks Company (BCO)

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	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	29,000	66,500	78,500	-41,900
Total stockholders’ equity	US$ in thousands	397,400	462,800	541,300	478,800	447,100	202,700	240,500	240,000	123,000	121,400	174,000	99,800	128,800	90,000	111,300	66,300	191,800	169,200	194,200	165,300
ROE		22.07%	29.75%	20.56%	23.87%	38.16%	86.43%	72.77%	68.25%	85.53%	66.56%	21.78%	26.95%	12.42%	-13.11%	15.72%	25.79%	15.12%	39.30%	40.42%	-25.35%

December 31, 2023 calculation

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

To analyze Brink`s Co.'s return on equity (ROE) based on the provided data, we can observe fluctuations over the quarters. ROE indicates the company's profitability in relation to shareholders' equity.

In Q4 2023, the ROE was 22.07%, lower than the previous quarter's 29.75%. This decrease may suggest a decline in profitability relative to the shareholder's equity.

The ROE for Q3 2023 was significantly higher at 29.75%, indicating a positive increase compared to Q2 2023's ROE of 20.56%. This improvement could be attributed to effective financial management or increased profitability.

Q2 2023 had an ROE of 20.56%, showing a slight decrease from the previous quarter's 23.87%. This decrease might indicate a dip in profitability or less efficient utilization of equity.

The ROE in Q1 2023 was 23.87%, which was higher than Q2 2023 but lower than Q4 2022, which stood at 38.16%. This suggests a fluctuation in profitability levels during this period.

Notably, in Q4 2022, Brink`s Co. had an ROE of 38.16%, showing a decline from the exceptional levels seen in Q3 2022 (86.43%). This substantial drop could signal challenges in maintaining profitability relative to shareholders' equity.

Overall, Brink`s Co.'s ROE has displayed variability over the quarters, with fluctuations indicating changes in the company's profitability performance. Further analysis into the factors influencing these fluctuations would provide deeper insights into the company's financial health.