Crocs Inc (CROX)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 792,566 | 540,159 | 725,694 | 312,861 | 119,497 |
| Total stockholders’ equity | US$ in thousands | 1,453,920 | 817,931 | 14,082 | 290,633 | 131,905 |
| ROE | 54.51% | 66.04% | 5,153.34% | 107.65% | 90.59% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $792,566K ÷ $1,453,920K
= 54.51%
Crocs Inc's return on equity (ROE) has exhibited significant fluctuations over the past five years. In 2023, the ROE stands at 54.51%, representing a decrease from the previous year's 66.04%. Notably, the ROE in 2021 surged to an exceptionally high level of 5,153.34%, implying a substantial return generated on shareholders' equity that year. Prior to this peak, in 2020, the ROE was at a more modest 107.65% and in 2019, it was 90.59%.
The substantial variation in ROE over the years could suggest fluctuations in the efficiency of Crocs Inc in generating profits from shareholders' equity. The drastic increase in 2021 indicates a significant surge in the return on equity, possibly due to exceptional profits relative to the shareholders' equity at that time. Conversely, the decline in 2023 compared to the preceding year might imply a relative decrease in profitability generated from shareholders' equity.
It would be important to further investigate the factors behind these fluctuations in ROE to gain insights into Crocs Inc's financial performance and the effectiveness of its utilization of shareholder funds in generating profits.
Peer comparison
Dec 31, 2023