Crane NXT Co (CXT)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 188,300 | 204,900 | 435,400 | 181,000 | 133,300 |
| Total stockholders’ equity | US$ in thousands | 964,000 | 783,800 | 763,800 | 1,528,900 | 1,473,700 |
| ROE | 19.53% | 26.14% | 57.00% | 11.84% | 9.05% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $188,300K ÷ $964,000K
= 19.53%
The return on equity (ROE) of Crane NXT Co has exhibited fluctuating trends over the past five years. In 2023, the ROE stands at 19.53%, representing a decrease from the previous year's figure of 26.14%. Despite this decline, the company's ROE remains at a respectable level.
In 2022, Crane NXT Co achieved an ROE of 26.14%, indicating a strong performance compared to the prior year. The ROE experienced a significant surge in 2021, reaching 57.00%, reflecting a substantial increase in profitability and efficiency in generating returns for shareholders.
The ROE for 2020 was 11.84%, representing a moderate performance compared to the preceding year. Furthermore, in 2019, the ROE was 9.05%, showing a slight improvement from the previous year but still indicating room for further enhancement of profitability and efficiency.
Overall, the ROE of Crane NXT Co has displayed variability, with notable peaks and valleys in the past five years. It is essential for the company to focus on sustaining and improving its ROE to create long-term value for its shareholders.
Peer comparison
Dec 31, 2023