Consol Energy Inc (CEIX)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 655,892 | 466,979 | 34,110 | -9,755 | 76,001 |
| Total stockholders’ equity | US$ in thousands | 1,343,440 | 1,165,830 | 672,813 | 553,519 | 435,199 |
| ROE | 48.82% | 40.06% | 5.07% | -1.76% | 17.46% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $655,892K ÷ $1,343,440K
= 48.82%
Consol Energy Inc's return on equity (ROE) has demonstrated significant fluctuations over the past five years. The trend indicates a notable improvement in ROE performance from 2019 to 2023, with an exceptional ROE of 48.82% in 2023, compared to 17.46% in 2019. This signals an enhanced ability of the company to generate profit from shareholders' equity during the most recent fiscal year.
In 2021, Consol Energy Inc experienced a ROE of 5.07%, reflecting a relatively low return compared to the subsequent years. The negative ROE of -1.76% in 2020 is a concerning sign, indicating a loss generated from equity during that year.
Overall, the significant improvement in ROE from 2019 to 2023 suggests an enhancement in the company's profitability relative to shareholders' equity. However, further analysis is required to understand the factors driving these fluctuations and to assess the sustainability of the recent performance.
Peer comparison
Dec 31, 2023