Henry Schein Inc (HSIC)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 416,000 | 538,000 | 631,000 | 404,000 | 694,734 |
| Total stockholders’ equity | US$ in thousands | 3,655,000 | 3,446,000 | 3,425,000 | 3,348,170 | 2,998,040 |
| ROE | 11.38% | 15.61% | 18.42% | 12.07% | 23.17% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $416,000K ÷ $3,655,000K
= 11.38%
Henry Schein Inc's return on equity (ROE) has shown a fluctuating trend over the past five years. In 2019, the ROE was relatively high at 23.17%, signifying strong profitability in relation to shareholders' equity. However, there was a decline in 2020 to 12.07%, indicating a decrease in profitability efficiency during that period.
The company saw a slight improvement in ROE in 2021 to 18.42%, suggesting a recovery in the profitability aspect. Nonetheless, there was a further decrease in 2022 to 15.61%, indicating a slight dip in profitability efficiency once again.
In 2023, the ROE stands at 11.38%, representing a decline compared to the previous year. This decrease may indicate potential challenges in generating profits relative to the shareholders' equity invested in the company.
Overall, Henry Schein Inc's ROE has shown variability over the years, reflecting fluctuations in the company's profitability and efficiency in utilizing shareholder equity to generate returns. Further analysis and exploration of the factors influencing these fluctuations would be necessary to gain a more comprehensive understanding of the company's financial performance.
Peer comparison
Dec 31, 2023