Fortune Brands Innovations Inc. (FBIN)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 404,500 | 686,700 | 772,400 | 553,100 | 431,900 |
| Total stockholders’ equity | US$ in thousands | 2,293,400 | 2,086,900 | 3,064,800 | 2,775,500 | 2,426,600 |
| ROE | 17.64% | 32.91% | 25.20% | 19.93% | 17.80% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $404,500K ÷ $2,293,400K
= 17.64%
Fortune Brands Innovations Inc.'s return on equity (ROE) has exhibited fluctuating trends over the past five years. The ROE decreased from 17.80% in 2019 to 19.93% in 2020, indicating a slight improvement. Subsequently, there was a significant increase to 25.20% in 2021, reflecting a noteworthy enhancement in the company's profitability. However, in 2022, the ROE spiked to 32.91%, signaling a substantial surge in profitability. Despite this, the ROE declined to 17.64% in 2023, dropping below the levels seen in the previous years. This suggests a reduction in the company's ability to generate profits from its shareholder's equity in the most recent year, potentially indicating a shift in the company's operational efficiency or financial structure. Further analysis is recommended to uncover the factors driving these fluctuations in Fortune Brands Innovations Inc.'s ROE.
Peer comparison
Dec 31, 2023