Graco Inc (GGG)
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 | 506,511 | 522,749 | 505,858 | 488,968 | 460,645 | 454,685 | 442,282 | 435,022 | 439,866 | 434,325 | 444,611 | 363,325 | 330,456 | 300,600 | 270,617 | 329,922 | 343,853 | 332,741 | 341,290 | 342,293 |
| Total stockholders’ equity | US$ in thousands | 2,224,220 | 2,188,530 | 2,116,310 | 1,986,340 | 1,859,650 | 1,788,310 | -94,913 | -82,429 | 1,709,340 | 1,564,350 | 1,481,260 | 1,382,500 | 1,283,900 | 1,165,940 | 1,026,970 | 1,018,660 | 1,024,930 | 983,796 | 925,958 | 844,438 |
| ROE | 22.77% | 23.89% | 23.90% | 24.62% | 24.77% | 25.43% | — | — | 25.73% | 27.76% | 30.02% | 26.28% | 25.74% | 25.78% | 26.35% | 32.39% | 33.55% | 33.82% | 36.86% | 40.54% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $506,511K ÷ $2,224,220K
= 22.77%
Based on the data provided for Graco Inc's return on equity (ROE) from December 2019 to December 2023, the ROE has shown fluctuations over time.
The ROE has generally remained at healthy levels, ranging from a low of 22.77% in December 2019 to a high of 40.54% in December 2020. Throughout this period, the ROE has mostly been above 25%, indicating that the company has been generating favorable returns on shareholders' equity.
There was a slight decline in ROE from December 2020 to December 2021, dropping from 40.54% to 25.74%. However, the ROE started to recover in subsequent quarters, reaching 32.39% in March 2020 and 33.82% in June 2021.
Overall, Graco Inc has demonstrated consistent profitability and efficiency in generating returns on equity, with occasional fluctuations that reflect varying levels of profitability and financial performance. The upward trend of ROE from 2019 to 2020 followed by some fluctuations suggests that the company has been effectively managing its resources to maximize shareholder value.
Peer comparison
Dec 31, 2023