Compass Minerals International Inc (CMP)

Return on equity (ROE)

		Sep 30, 2023	Sep 30, 2022	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Net income	US$ in thousands	10,500	-25,100	63,100	62,500	68,800
Total stockholders’ equity	US$ in thousands	521,000	256,400	378,300	517,700	540,200
ROE		2.02%	-9.79%	16.68%	12.07%	12.74%

September 30, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $10,500K ÷ $521,000K
= 2.02%

The return on equity (ROE) of Compass Minerals International Inc has fluctuated over the past five years, indicating varying levels of profitability and efficiency in utilizing shareholders' equity.

In 2023, the ROE stood at 2.94%, representing a modest return for shareholders. This contrasts with the negative ROE of -9.91% in 2022, signifying a period of unprofitability and potential inefficiency in generating returns from equity.

The highest ROE in the provided period was 16.39% in 2020, which suggests efficient use of equity to generate profit. This was followed by a ROE of 11.59% in 2019 and 12.64% in 2018, both of which reflect relatively favorable returns for shareholders.

Overall, the trend in ROE indicates variability in Compass Minerals International Inc's ability to generate profits from shareholders' equity, with the company experiencing a mix of positive and negative financial performance over the past five years.