Eastman Chemical Company (EMN)
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 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 894,000 | 585,000 | 708,000 | 692,000 | 793,000 | 1,170,000 | 1,220,000 | 818,000 | 857,000 | 511,000 | 321,000 | 494,000 | 478,000 | 472,000 | 577,000 | 808,000 | 759,000 | 767,000 | 913,000 | 999,000 |
| Total stockholders’ equity | US$ in thousands | 5,458,000 | 5,352,000 | 5,281,000 | 5,188,000 | 5,153,000 | 5,384,000 | 5,323,000 | 5,893,000 | 5,704,000 | 6,120,000 | 5,944,000 | 6,233,000 | 6,023,000 | 6,075,000 | 6,021,000 | 6,117,000 | 5,958,000 | 6,020,000 | 5,869,000 | 5,843,000 |
| ROE | 16.38% | 10.93% | 13.41% | 13.34% | 15.39% | 21.73% | 22.92% | 13.88% | 15.02% | 8.35% | 5.40% | 7.93% | 7.94% | 7.77% | 9.58% | 13.21% | 12.74% | 12.74% | 15.56% | 17.10% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $894,000K ÷ $5,458,000K
= 16.38%
The return on equity (ROE) of Eastman Chemical Co has been fluctuating over the past eight quarters. In Q4 2023, the ROE stood at 16.38%, showing an improvement from the previous quarter's 10.93%. However, compared to the ROE in Q3 and Q2 2022, the current ROE is lower.
Over the past two years, the company experienced a peak ROE of 22.92% in Q3 2022. Since then, there has been a downward trend in ROE, with slight fluctuations in between. It is worth noting that the current ROE of 16.38% in Q4 2023 is still higher than the ROE in Q1 and Q2 2022.
The volatility in Eastman Chemical Co's ROE suggests variability in the company's profitability and efficiency in generating returns for its shareholders. It would be important for stakeholders to closely monitor the company's financial performance to understand the factors driving these fluctuations and assess the sustainability of the current ROE levels.
Peer comparison
Dec 31, 2023