Clean Harbors Inc (CLH)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 402,299 | 377,856 | 411,744 | 203,247 | 134,837 |
| Total stockholders’ equity | US$ in thousands | 2,573,530 | 2,247,510 | 1,922,320 | 1,513,890 | 1,341,550 |
| ROE | 15.63% | 16.81% | 21.42% | 13.43% | 10.05% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $402,299K ÷ $2,573,530K
= 15.63%
Clean Harbors Inc has shown a positive trend in its Return on Equity (ROE) over the past five years. Starting at 10.05% on December 31, 2020, the ROE increased to 13.43% by December 31, 2021, signifying an improvement in the company's efficiency in generating profits from shareholders' equity.
The ROE continued to rise to 21.42% by December 31, 2022, displaying a significant surge in the profitability and effectiveness of utilizing equity to generate returns. However, in the subsequent year, the ROE dipped slightly to 16.81% on December 31, 2023, indicating a temporary setback in leveraging shareholders' equity.
By December 31, 2024, the ROE stood at 15.63%, showing a slight decrease from the previous year but still maintaining a healthy level of return on equity. Overall, Clean Harbors Inc has demonstrated an upward trajectory in its ROE, reflecting efficient management of equity and enhanced profitability over the five-year period analyzed.