Evergy Inc. Common Stock (EVRG)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 731,300 | 752,700 | 879,700 | 618,300 | 669,900 |
| Total stockholders’ equity | US$ in thousands | 9,663,100 | 9,483,700 | 9,244,400 | 8,733,400 | 8,571,900 |
| ROE | 7.57% | 7.94% | 9.52% | 7.08% | 7.82% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $731,300K ÷ $9,663,100K
= 7.57%
Evergy Inc's return on equity (ROE) has shown some fluctuations over the past five years.
In 2023, the ROE was 7.57%, which was slightly lower compared to 2022 when it stood at 7.94%. However, the 2023 ROE remained above the levels seen in 2020 (7.08%) and 2019 (7.82%).
The highest ROE in the period was recorded in 2021 at 9.52%, indicating a relatively favorable performance in generating profit from shareholders' equity.
Overall, Evergy Inc's ROE has remained relatively stable over the years, with the company effectively utilizing its equity to generate returns for its shareholders. Further analysis and comparison with industry peers may provide additional insights into the company's performance and competitiveness.
Peer comparison
Dec 31, 2023