Celanese Corporation (CE)
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 | 1,960,000 | 2,029,000 | 1,269,000 | 1,483,000 | 1,894,000 | 1,651,000 | 1,966,000 | 2,070,000 | 1,890,000 | 2,819,000 | 2,520,000 | 2,089,000 | 1,985,000 | 575,000 | 631,000 | 733,000 | 852,000 | 908,000 | 1,046,000 | 1,181,000 |
| Total stockholders’ equity | US$ in thousands | 7,091,000 | 6,491,000 | 5,624,000 | 5,661,000 | 5,637,000 | 4,950,000 | 4,880,000 | 4,607,000 | 4,189,000 | 3,919,000 | 3,798,000 | 3,542,000 | 3,526,000 | 2,508,000 | 2,487,000 | 2,448,000 | 2,507,000 | 2,747,000 | 2,864,000 | 3,047,000 |
| ROE | 27.64% | 31.26% | 22.56% | 26.20% | 33.60% | 33.35% | 40.29% | 44.93% | 45.12% | 71.93% | 66.35% | 58.98% | 56.30% | 22.93% | 25.37% | 29.94% | 33.98% | 33.05% | 36.52% | 38.76% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,960,000K ÷ $7,091,000K
= 27.64%
Celanese Corp's return on equity (ROE) has shown some fluctuation over the past eight quarters. In Q4 2023, the ROE was 27.64%, a decrease from the previous quarter's 31.26%. This downward trend continued from Q3 2023, where the ROE was at its peak at 31.26%. The ROE values in Q2 and Q1 2023 were 22.56% and 26.20% respectively, indicating a slight improvement in Q1 compared to Q2.
Looking back to Q4 2022, the company achieved an ROE of 33.60%, which was higher than the most recent figure but lower than the values reported in Q3 and Q2 2022, where the ROE was above 40%. The highest ROE in the provided data was in Q1 2022, reaching 44.93%.
This analysis suggests that while Celanese Corp has experienced fluctuations in its ROE over the past eight quarters, it has generally maintained a healthy return on equity, with occasional peaks followed by slight declines. Further investigation into the company's financial performance and strategies may help in understanding the factors influencing these ROE variations.
Peer comparison
Dec 31, 2023