Granite Construction Incorporated (GVA)
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 | 43,599 | 39,653 | 51,331 | 87,012 | 83,302 | 48,037 | 13,778 | 49,558 | 10,096 | 31,319 | -94,886 | -145,942 | -145,117 | -172,507 | -35,444 | -63,091 | -60,191 | -93,487 | -71,552 | -41,444 |
| Total stockholders’ equity | US$ in thousands | 977,298 | 955,348 | 901,542 | 925,457 | 953,016 | 934,768 | 871,655 | 906,045 | 967,682 | 985,185 | 955,384 | 903,540 | 975,664 | 971,606 | 1,067,720 | 1,067,750 | 1,141,470 | 1,183,910 | 1,146,460 | 1,176,190 |
| ROE | 4.46% | 4.15% | 5.69% | 9.40% | 8.74% | 5.14% | 1.58% | 5.47% | 1.04% | 3.18% | -9.93% | -16.15% | -14.87% | -17.75% | -3.32% | -5.91% | -5.27% | -7.90% | -6.24% | -3.52% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $43,599K ÷ $977,298K
= 4.46%
Granite Construction Inc.'s Return on Equity (ROE) has shown fluctuations over the past eight quarters. In Q4 2023, the ROE was 4.46%, which was an increase from the previous quarter but still relatively low compared to earlier periods. The Q3 2023 ROE was 2.44%, indicating a decrease from the previous quarter.
Looking back further, Q2 2023 saw a slight improvement in ROE to 4.33% compared to Q3 2023. The highest ROE in the dataset was recorded in Q4 2022 at 8.74%, which then saw a decrease in subsequent quarters.
Overall, Granite Construction Inc.'s ROE has been somewhat volatile, with no clear trend in the data provided. It suggests that the company's profitability relative to shareholders' equity has been varying over the past eight quarters, indicating potential fluctuations in the company's financial performance and efficiency in generating profits from shareholders' investments. Further analysis and comparison to industry benchmarks may be necessary to gain a more comprehensive understanding of Granite Construction Inc.'s return on equity performance.
Peer comparison
Dec 31, 2023