HF Sinclair Corp (DINO)
Return on equity (ROE)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,589,666 | 2,238,876 | 2,402,359 | 3,115,958 | 2,922,666 | |||
| Total stockholders’ equity | US$ in thousands | 10,169,100 | 9,824,680 | 9,708,950 | 9,270,660 | 9,243,820 | 9,015,280 | 9,109,710 | 8,116,230 |
| ROE | 15.63% | 22.79% | 24.74% | 33.61% | 31.62% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,589,666K ÷ $10,169,100K
= 15.63%
To analyze HF Sinclair Corp.'s return on equity (ROE) trend, we observe fluctuations in ROE over the last eight quarters. The ROE for Q4 2023 decreased to 15.49% from the previous quarter's 22.57%, indicating a decline in the company's profitability relative to its equity. Prior to this decline, the ROE had shown a positive trend, increasing from 6.93% in Q1 2022 to 33.28% in Q1 2023. This upward trajectory suggests improved efficiency in generating profits from the shareholders' equity during that period.
Overall, HF Sinclair Corp.'s ROE has exhibited variability, with fluctuations in performance over the analyzed quarters. It is essential for investors and stakeholders to closely monitor the company's ROE trends to gauge its profitability and efficiency in utilizing equity in generating returns.