Dril-Quip Inc (DRQ)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 604 | -1,624 | -127,996 | -30,768 | 1,720 |
| Total stockholders’ equity | US$ in thousands | 881,260 | 872,352 | 897,108 | 1,041,530 | 1,090,700 |
| ROE | 0.07% | -0.19% | -14.27% | -2.95% | 0.16% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $604K ÷ $881,260K
= 0.07%
Dril-Quip, Inc.'s return on equity (ROE) has exhibited variability in the past five years. The ROE for the most recent year, ending December 31, 2023, was 0.07%. This indicates that for each dollar of shareholder equity, the company generated 0.07 cents in net income.
Compared to the previous year, there was a slight improvement in ROE from 0.05% in 2022. However, in 2021, Dril-Quip had a negative ROE of -14.27%, signifying that the company incurred a net loss proportionate to its equity that year. This sharp decline in ROE in 2021 followed a negative ROE of -2.95% in 2020.
The ROE rebounded slightly in 2019 to 0.16%, showing some positive performance after the negative ROE in the prior year. Overall, the ROE trend for Dril-Quip, Inc. has been mixed, with significant fluctuations over the past five years, indicating varying levels of profitability and efficiency in utilizing shareholder equity.
Peer comparison
Dec 31, 2023