Columbia Sportswear Company (COLM)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	251,400	311,440	354,108	108,013	330,489
Total stockholders’ equity	US$ in thousands	1,938,610	1,935,790	1,989,250	1,832,770	1,849,450
ROE		12.97%	16.09%	17.80%	5.89%	17.87%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $251,400K ÷ $1,938,610K
= 12.97%

Columbia Sportswear Co.'s return on equity (ROE) has exhibited fluctuating trends over the past five years. The company's ROE decreased from 17.87% in 2019 to 5.89% in 2020, indicating a significant decline in profitability. However, there was a notable recovery in ROE in 2021, reaching 17.80%, suggesting improved profitability and efficiency in the utilization of shareholders' equity.

In 2022, the ROE slightly decreased to 16.09%, but still remained at a relatively healthy level. The most recent data for 2023 shows a further decrease in ROE to 12.97%, indicating a moderate decline in profitability compared to the previous year.

Overall, while Columbia Sportswear Co. has experienced variations in its ROE over the evaluated period, it is essential for stakeholders to monitor the company's performance closely to assess its ability to generate profits relative to shareholders' equity.