Celanese Corporation (CE)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,960,000 | 1,894,000 | 1,890,000 | 1,985,000 | 852,000 |
| Total stockholders’ equity | US$ in thousands | 7,091,000 | 5,637,000 | 4,189,000 | 3,526,000 | 2,507,000 |
| ROE | 27.64% | 33.60% | 45.12% | 56.30% | 33.98% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,960,000K ÷ $7,091,000K
= 27.64%
Celanese Corp's return on equity (ROE) has seen fluctuations over the past five years. The ROE decreased from 33.98% in 2019 to 27.64% in 2023. This decline suggests that the company may be experiencing challenges in generating profits relative to its shareholders' equity. However, it is worth noting that, despite the decrease, the ROE remains at a relatively healthy level, indicating the company's ability to efficiently utilize shareholders' equity to generate profits. Additionally, the ROE of 27.64% in 2023 is still higher than the ROE in 2019, suggesting that Celanese Corp has been able to maintain a competitive performance despite the fluctuations. Further analysis of the company's financial statements and business operations would be beneficial to understand the factors driving the changes in ROE over the years.
Peer comparison
Dec 31, 2023