Dana Inc (DAN)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 38,000 | -242,000 | 197,000 | -31,000 | 226,000 |
| Total stockholders’ equity | US$ in thousands | 1,575,000 | 1,551,000 | 1,922,000 | 1,758,000 | 1,873,000 |
| ROE | 2.41% | -15.60% | 10.25% | -1.76% | 12.07% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $38,000K ÷ $1,575,000K
= 2.41%
Dana Inc's return on equity (ROE) has shown significant variability over the past five years. In 2023, the ROE stands at 2.41%, a slight improvement from the negative ROE of -15.60% in 2022. This positive trend indicates the company's enhanced ability to generate profits from its shareholders' equity in the most recent year.
However, compared to the ROE of 10.25% in 2021 and 12.07% in 2019, the current ROE remains relatively low. The negative ROE of -1.76% in 2020 appears to be an outlier. It is important to note that a negative ROE indicates the company's inability to generate profits from shareholders' investments.
Overall, Dana Inc's ROE performance has been mixed, with fluctuations in profitability and efficiency in utilizing shareholders' equity. Further analysis of the company's financial and operational aspects may be required to understand the factors contributing to these fluctuations and to assess the long-term sustainability of its ROE levels.
Peer comparison
Dec 31, 2023