Builders FirstSource Inc (BLDR)

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	1,540,555	1,574,375	1,860,925	2,443,515	2,749,369	2,807,312	2,682,450	2,192,476	1,725,416	1,422,874	895,661	477,350	313,537	214,990	207,188	194,868	221,809	232,463	227,661	217,679
Total stockholders’ equity	US$ in thousands	4,732,350	4,580,680	4,342,060	4,657,230	4,962,570	5,224,600	5,136,350	5,136,050	4,802,480	5,523,430	5,482,460	4,983,940	1,152,780	1,007,860	915,934	833,538	824,953	779,001	704,131	632,471
ROE		32.55%	34.37%	42.86%	52.47%	55.40%	53.73%	52.22%	42.69%	35.93%	25.76%	16.34%	9.58%	27.20%	21.33%	22.62%	23.38%	26.89%	29.84%	32.33%	34.42%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,540,555K ÷ $4,732,350K
= 32.55%

The return on equity (ROE) of Builders Firstsource Inc has shown varying levels over the past eight quarters. The company's ROE decreased from 55.40% in Q4 2022 to 32.55% in Q4 2023, indicating a decline in profitability and efficiency in generating returns for shareholders.

However, the ROE improved in the subsequent quarters, with the highest ROE of 52.47% recorded in Q1 2023. This improvement suggests that the company was able to efficiently utilize its equity to generate higher profits.

Overall, the company has maintained a relatively high ROE above 30% throughout the quarters, indicating that Builders Firstsource Inc has been able to effectively leverage its equity to generate profits for shareholders. The fluctuations in ROE may be attributed to changes in the company's financial performance, capital structure, or operational efficiency. Further analysis and comparison with industry peers can provide more insights into the company's performance and competitiveness in the market.