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

Company name
Symbol
ROE
Clean Harbors Inc
CLH
16.81%
Stericycle Inc
SRCL
-0.85%