Clean Harbors Inc (CLH)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 377,856 | 411,744 | 203,247 | 134,837 | 97,740 |
| Total stockholders’ equity | US$ in thousands | 2,247,510 | 1,922,320 | 1,513,890 | 1,341,550 | 1,269,810 |
| ROE | 16.81% | 21.42% | 13.43% | 10.05% | 7.70% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $377,856K ÷ $2,247,510K
= 16.81%
Clean Harbors, Inc.'s return on equity (ROE) has shown a favorable trend over the past five years, increasing from 7.70% in 2019 to 16.81% in 2023. This indicates that the company has been improving its ability to generate profits from its shareholders' equity. The significant rise in ROE from 2022 to 2023, from 13.43% to 16.81%, suggests that the company has effectively managed its assets and liabilities to boost shareholder value. Overall, the increasing trend in ROE reflects positively on Clean Harbors, Inc.'s operational efficiency and financial health.
Peer comparison
Dec 31, 2023