Franklin Electric Co Inc (FELE)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 193,272 | 187,332 | 153,860 | 100,500 | 95,483 |
| Total stockholders’ equity | US$ in thousands | 1,206,720 | 1,067,860 | 946,501 | 847,833 | 796,545 |
| ROE | 16.02% | 17.54% | 16.26% | 11.85% | 11.99% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $193,272K ÷ $1,206,720K
= 16.02%
The return on equity (ROE) for Franklin Electric Co., Inc. has exhibited some fluctuations over the past five years. In 2023, the ROE stood at 15.96%, a decrease from the previous year's ROE of 18.08%. However, the ROE in 2023 remained relatively higher compared to 2021's ROE of 16.26%.
Analyzing further back, the ROE in 2020 was 11.77%, showing an increase compared to 2019's ROE of 12.01%. Overall, the company has shown varying levels of profitability as measured by ROE over the years, with some years performing better than others. It is essential for stakeholders to monitor these changes closely to assess the company's efficiency in generating profits from shareholders' equity.
Peer comparison
Dec 31, 2023