Dorman Products Inc (DORM)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	129,259	121,549	131,532	106,870	83,762
Total stockholders’ equity	US$ in thousands	1,168,200	1,042,630	932,736	853,559	773,584
ROE		11.06%	11.66%	14.10%	12.52%	10.83%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $129,259K ÷ $1,168,200K
= 11.06%

Dorman Products Inc's return on equity (ROE) has shown fluctuations over the past five years. The ROE for the most recent year, ending on December 31, 2023, was 11.06%, slightly lower than the previous year's ROE of 11.66%. The company's ROE peaked in December 2021 at 14.10% before experiencing a slight decline to 12.52% in December 2020. Prior to that, in December 2019, the ROE stood at 10.83%.

Overall, Dorman Products Inc has maintained relatively stable ROE figures within the range of 10.83% to 14.10% over the past five years. This indicates that the company has been generating a reasonable return for its shareholders in relation to the equity invested in the business. However, it may be beneficial for the company to assess factors influencing these fluctuations and consider strategies to potentially improve its ROE in the future.