Benchmark Electronics Inc (BHE)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 64,315 | 68,229 | 35,770 | 14,055 | 23,425 |
| Total stockholders’ equity | US$ in thousands | 1,079,080 | 1,026,420 | 973,802 | 989,588 | 1,014,830 |
| ROE | 5.96% | 6.65% | 3.67% | 1.42% | 2.31% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $64,315K ÷ $1,079,080K
= 5.96%
Benchmark Electronics Inc.'s return on equity (ROE) has shown a fluctuating trend over the past five years. In 2023, the ROE decreased to 5.96% from 6.65% in 2022, indicating a slightly lower profitability in utilizing shareholder equity. Despite the decrease, the ROE in 2023 remains above the levels seen in 2020 and 2019, reflecting a gradual improvement.
The ROE of 3.67% in 2021 marked a significant increase compared to the previous years, suggesting improved efficiency in generating profits relative to shareholder investments. The highest ROE in this period was recorded in 2022 at 6.65%, indicating a peak in profitability during that year.
Overall, Benchmark Electronics Inc.'s ROE has shown variability, with some years demonstrating stronger returns on equity than others. Investors and stakeholders may consider monitoring this metric closely to assess the company's ability to generate profits from shareholders' investments.
Peer comparison
Dec 31, 2023