Charter Communications Inc (CHTR)
Return on equity (ROE)
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Net income | US$ in thousands | 4,557,000 | 5,055,000 | 4,654,000 | 3,222,000 | 1,668,000 |
Total stockholders’ equity | US$ in thousands | 11,086,000 | 9,119,000 | 14,050,000 | 23,805,000 | 31,445,000 |
ROE | 41.11% | 55.43% | 33.12% | 13.53% | 5.30% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $4,557,000K ÷ $11,086,000K
= 41.11%
Charter Communications Inc.'s return on equity (ROE) has shown a positive trend over the past five years. In 2019, the ROE was recorded at 5.30%, indicating a relatively low return on equity for the company. However, there has been a significant improvement in subsequent years.
By the end of 2020, Charter Communications Inc.'s ROE increased to 13.53%, reflecting a noticeable enhancement in the company's ability to generate profit from shareholders' equity. This trend continued in 2021, with an ROE of 33.12%, which signifies a substantial growth in profitability and efficiency in utilizing equity.
The most recent financial data from December 31, 2022, shows a robust ROE of 55.43%, indicating a remarkable return on equity for the company. This level of ROE suggests that Charter Communications Inc. has been effectively leveraging its equity to generate profits for shareholders.
As of December 31, 2023, the ROE stands at 41.11%, which is slightly lower than the previous year but still represents a strong performance in terms of profitability relative to shareholders' equity. Overall, Charter Communications Inc. has demonstrated a positive trend in ROE over the years, reflecting improving financial performance and efficiency in utilizing equity capital.
Peer comparison
Dec 31, 2023