DXP Enterprises Inc (DXPE)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 70,399 | 68,812 | 48,155 | 16,496 | -29,074 |
| Total stockholders’ equity | US$ in thousands | 422,788 | 380,879 | 365,392 | 358,639 | 347,068 |
| ROE | 16.65% | 18.07% | 13.18% | 4.60% | -8.38% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $70,399K ÷ $422,788K
= 16.65%
The return on equity (ROE) of DXP Enterprises Inc has shown an upward trend from -8.38% on December 31, 2020, to 16.65% on December 31, 2024. This indicates an improvement in the company's ability to generate profits from shareholders' equity over the years. The ROE of 4.60% on December 31, 2021, marked a turnaround from negative territory, and subsequently, the ROE continued to increase steadily, reaching 18.07% by December 31, 2023, before slightly decreasing to 16.65% by December 31, 2024. Overall, the positive trend in ROE suggests that DXP Enterprises Inc has become more efficient in utilizing equity to generate profits for shareholders, reflecting positively on the firm's financial performance and management effectiveness.
Peer comparison
Dec 31, 2024