Consol Energy Inc (CEIX)
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 | 655,892 | 691,842 | 743,238 | 701,806 | 466,979 | 391,285 | 125,375 | 3,256 | 34,110 | -70,128 | 36,437 | 14,282 | -9,755 | -8,894 | 2,670 | 63,933 | 76,001 | 101,727 | 103,121 | 105,003 |
| Total stockholders’ equity | US$ in thousands | 1,343,440 | 1,308,790 | 1,335,200 | 1,280,900 | 1,165,830 | 916,445 | 797,594 | 668,408 | 672,813 | 484,580 | 592,733 | 583,065 | 553,519 | 426,079 | 427,181 | 439,405 | 435,199 | 454,486 | 468,503 | 430,021 |
| ROE | 48.82% | 52.86% | 55.66% | 54.79% | 40.06% | 42.70% | 15.72% | 0.49% | 5.07% | -14.47% | 6.15% | 2.45% | -1.76% | -2.09% | 0.63% | 14.55% | 17.46% | 22.38% | 22.01% | 24.42% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $655,892K ÷ $1,343,440K
= 48.82%
Consol Energy Inc's return on equity (ROE) has displayed a generally positive trend over the past eight quarters. Starting at a relatively low level of 0.49% in Q1 2022, the ROE steadily increased throughout the quarters, reaching a peak of 55.66% in Q2 2023. This indicates that the company has been effectively utilizing its shareholders' equity to generate profits.
The significant improvement in ROE from Q1 2022 to Q2 2023 suggests that Consol Energy Inc has been successful in increasing its profitability and efficiency in utilizing its equity capital. However, the slight decrease in ROE from Q2 2023 to Q4 2023 may indicate a potential slowdown in the company's profitability growth or a less efficient management of shareholders' equity during the most recent quarter.
Overall, Consol Energy Inc's ROE performance reflects its ability to generate returns for its shareholders, but investors should continue to monitor future ROE figures to assess the company's ongoing profitability and efficiency levels.
Peer comparison
Dec 31, 2023