Cleveland-Cliffs Inc (CLF)
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 | 399,000 | 340,000 | 228,000 | 477,000 | 1,335,000 | 2,442,000 | 3,564,000 | 3,748,000 | 2,988,000 | 2,159,000 | 875,000 | -29,000 | -122,000 | -122,600 | -21,700 | 263,100 | 293,000 | 839,100 | 1,186,000 | 1,190,300 |
| Total stockholders’ equity | US$ in thousands | 7,887,000 | 8,020,000 | 7,802,000 | 7,546,000 | 7,791,000 | 7,008,000 | 6,729,000 | 6,339,000 | 5,490,000 | 3,996,000 | 3,233,000 | 2,389,000 | 2,018,000 | 810,600 | 792,900 | 903,200 | 358,000 | 359,900 | 285,600 | 261,700 |
| ROE | 5.06% | 4.24% | 2.92% | 6.32% | 17.14% | 34.85% | 52.96% | 59.13% | 54.43% | 54.03% | 27.06% | -1.21% | -6.05% | -15.12% | -2.74% | 29.13% | 81.84% | 233.15% | 415.27% | 454.83% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $399,000K ÷ $7,887,000K
= 5.06%
Cleveland-Cliffs Inc's return on equity (ROE) has exhibited a declining trend over the recent quarters, starting at a high of 59.13% in Q1 2022 and dropping to just 5.06% in Q4 2023. This indicates a significant decrease in the company's ability to generate profits from shareholders' equity during this period. The notable fluctuations in ROE suggest potential volatility or challenges in the company's financial performance and efficiency in utilizing shareholder funds. Further investigation into the factors impacting the ROE, such as changes in revenue, expenses, and capital structure, would be necessary to gain a deeper understanding of the company's financial health and profitability.
Peer comparison
Dec 31, 2023