Clean Harbors Inc (CLH)
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 | 377,856 | 361,981 | 406,440 | 438,831 | 411,744 | 378,263 | 307,907 | 226,825 | 203,247 | 193,586 | 183,053 | 145,001 | 134,837 | 119,656 | 101,115 | 108,336 | 97,740 | 90,020 | 84,740 | 79,243 |
| Total stockholders’ equity | US$ in thousands | 2,247,510 | 2,185,790 | 2,109,890 | 1,980,040 | 1,922,320 | 1,837,580 | 1,716,950 | 1,593,240 | 1,513,890 | 1,463,560 | 1,409,590 | 1,348,450 | 1,341,550 | 1,304,720 | 1,253,970 | 1,205,800 | 1,269,810 | 1,235,800 | 1,209,470 | 1,171,960 |
| ROE | 16.81% | 16.56% | 19.26% | 22.16% | 21.42% | 20.58% | 17.93% | 14.24% | 13.43% | 13.23% | 12.99% | 10.75% | 10.05% | 9.17% | 8.06% | 8.98% | 7.70% | 7.28% | 7.01% | 6.76% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $377,856K ÷ $2,247,510K
= 16.81%
Clean Harbors, Inc.'s return on equity (ROE) has shown a generally positive trend over the past eight quarters. The company's ROE has been consistently above 15% throughout this period, indicating that it is efficiently utilizing its equity to generate profits.
The ROE peaked at 22.16% in Q1 2023, showing a strong ability to generate returns for shareholders. This was followed by a slight decline in Q2 and Q3 2023 but remained above 16%, indicating sustained profitability.
Comparing the latest ROE data of 16.81% in Q4 2023 to previous quarters, it indicates a slight increase from the prior quarter. This suggests that Clean Harbors, Inc. continues to effectively generate returns on the equity invested by shareholders.
Overall, the trend in Clean Harbors, Inc.'s ROE demonstrates a positive performance in utilizing equity to generate profits, which may signal a healthy financial position and efficient management of the company's resources.
Peer comparison
Dec 31, 2023