Graham Holdings Co (GHC)
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 | 205,288 | 158,189 | 214,000 | 23,727 | 67,079 | 145,600 | 152,406 | 335,249 | 352,075 | 504,535 | 542,564 | 446,060 | 300,365 | 209,105 | 174,635 | 212,862 | 327,855 | 238,659 | 320,578 | 310,063 |
| Total stockholders’ equity | US$ in thousands | 3,975,740 | 3,688,500 | 3,809,480 | 3,747,220 | 3,731,380 | 4,259,710 | 4,308,690 | 4,460,160 | 4,399,580 | 3,963,840 | 3,968,090 | 3,857,620 | 3,759,300 | 3,239,810 | 3,206,670 | 3,206,060 | 3,319,240 | 3,052,010 | 3,032,810 | 2,993,600 |
| ROE | 5.16% | 4.29% | 5.62% | 0.63% | 1.80% | 3.42% | 3.54% | 7.52% | 8.00% | 12.73% | 13.67% | 11.56% | 7.99% | 6.45% | 5.45% | 6.64% | 9.88% | 7.82% | 10.57% | 10.36% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $205,288K ÷ $3,975,740K
= 5.16%
The return on equity (ROE) for Graham Holdings Co. has fluctuated over the past eight quarters. The ROE ranged from a low of 0.62% in Q1 2023 to a high of 7.47% in Q1 2022. The company experienced a slight improvement in Q4 2023 with an ROE of 5.13%. It is noteworthy that the ROE has generally been below double digits, indicating potential inefficiencies in generating profits relative to shareholder equity. Further analysis is necessary to understand the factors contributing to the fluctuations in ROE and to evaluate the company's profitability and efficiency in utilizing shareholder funds.
Peer comparison
Dec 31, 2023