Clearwater Paper Corporation (CLW)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 107,700 | 46,000 | -28,100 | 77,100 | -5,600 |
| Total stockholders’ equity | US$ in thousands | 668,800 | 572,100 | 511,700 | 521,100 | 432,000 |
| ROE | 16.10% | 8.04% | -5.49% | 14.80% | -1.30% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $107,700K ÷ $668,800K
= 16.10%
Clearwater Paper Corp's return on equity (ROE) has varied significantly over the past five years. In 2023, the ROE was 16.11%, showing an improvement compared to the previous year when it was 8.04%. This indicates that the company generated more profit relative to its shareholders' equity in 2023.
In 2022, the ROE was 8.04%, reflecting a moderate performance, while in 2021, the ROE was negative at -5.49%, signaling that the company's net profits were not sufficient to cover the shareholders' equity during that year.
The ROE improved significantly in 2020, reaching 14.80%, a positive trend indicating enhanced profitability in comparison to the negative ROE of -1.30% in 2019.
Overall, Clearwater Paper Corp's ROE has displayed fluctuations over the past five years, with a mix of positive and negative performances. It is important for investors and stakeholders to closely monitor the company's financial performance and profitability metrics to assess its long-term sustainability and growth prospects.