Clean Harbors Inc (CLH)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 402,299 | 416,674 | 392,801 | 375,287 | 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 |
| Total stockholders’ equity | US$ in thousands | 2,573,530 | 2,528,310 | 2,441,720 | 2,311,340 | 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 |
| ROE | 15.63% | 16.48% | 16.09% | 16.24% | 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $402,299K ÷ $2,573,530K
= 15.63%
The return on equity (ROE) of Clean Harbors Inc has displayed fluctuations over the past few years. The ROE stood at 8.98% as of March 31, 2020, and gradually increased to 20.58% by September 30, 2022. This significant improvement indicates the company's ability to generate profit from shareholders' equity efficiently.
Subsequently, the ROE continued to rise, reaching its peak at 22.16% on March 31, 2023. This suggests that Clean Harbors was effectively utilizing its equity to generate higher returns for shareholders during this period.
However, from June 30, 2023, the ROE started to decline, reaching 15.63% by December 31, 2024. This may indicate a decrease in profitability relative to the shareholders' equity. It would be essential for stakeholders to further analyze the reasons behind this decline to ensure the company's profitability sustainability.
Overall, the fluctuation in Clean Harbors Inc's ROE highlights the importance of continuous monitoring and analysis of financial performance to identify trends and make informed decisions regarding the company's financial health and future prospects.