Haynes International Inc (HAYN)
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 | 41,938 | 41,975 | 45,183 | 52,032 | 48,167 | 45,087 | 31,305 | 16,119 | 4,003 | -8,683 | -16,954 | -25,473 | -17,773 | -6,478 | 5,276 | 17,175 | 14,616 | 9,745 | 5,838 | 2,749 |
| Total stockholders’ equity | US$ in thousands | 442,056 | 434,324 | 413,501 | 405,759 | 389,144 | 375,488 | 354,073 | 345,310 | 340,209 | 343,321 | 295,012 | 293,891 | 297,891 | 301,501 | 295,124 | 303,612 | 303,626 | 296,275 | 330,140 | 329,692 |
| ROE | 9.49% | 9.66% | 10.93% | 12.82% | 12.38% | 12.01% | 8.84% | 4.67% | 1.18% | -2.53% | -5.75% | -8.67% | -5.97% | -2.15% | 1.79% | 5.66% | 4.81% | 3.29% | 1.77% | 0.83% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $41,938K ÷ $442,056K
= 9.49%
The Return on Equity (ROE) of Haynes International Inc. has displayed fluctuations over the past eight quarters. In Q2 2023, the company achieved the highest ROE at 12.82%, indicating that for every dollar of shareholder equity, the company generated a profit of $0.1282. This was followed by Q1 2023 and Q4 2022, where the ROE stood at 12.38% and 12.01%, respectively. These high ROE figures suggest that the company efficiently utilized its equity to generate profits during these periods.
However, there was a considerable drop in ROE in Q2 2024 to 9.49%, representing a decline in profitability relative to the previous quarters. This decrease continued into Q4 2023 and Q3 2023, where the ROE was 9.66% and 10.93%, respectively. The lowest ROE was recorded in Q2 2022 at 4.67%, indicating a significant decrease in profitability compared to other quarters.
Overall, the trend in ROE for Haynes International Inc. has been volatile, with fluctuations observed throughout the data period. It is essential for the company to analyze the factors contributing to these fluctuations in ROE to ensure sustainable profitability and efficient utilization of shareholder equity in the future.
Peer comparison
Dec 31, 2023