Installed Building Products Inc (IBP)
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 | 243,700 | 247,587 | 240,573 | 238,880 | 223,428 | 184,071 | 157,985 | 135,294 | 118,763 | 117,233 | 110,418 | 98,542 | 97,239 | 88,596 | 81,731 | 75,313 | 68,159 | 65,441 | 59,792 | 57,188 |
| Total stockholders’ equity | US$ in thousands | 670,300 | 628,182 | 560,672 | 505,222 | 493,500 | 457,514 | 400,601 | 390,231 | 416,840 | 392,726 | 362,540 | 340,538 | 319,182 | 304,187 | 272,736 | 245,797 | 250,031 | 227,514 | 206,002 | 190,601 |
| ROE | 36.36% | 39.41% | 42.91% | 47.28% | 45.27% | 40.23% | 39.44% | 34.67% | 28.49% | 29.85% | 30.46% | 28.94% | 30.47% | 29.13% | 29.97% | 30.64% | 27.26% | 28.76% | 29.02% | 30.00% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $243,700K ÷ $670,300K
= 36.36%
Installed Building Products Inc has demonstrated a consistently strong return on equity (ROE) performance over the past eight quarters. The company's ROE has ranged from 34.67% to 47.28% during this period, indicating efficient utilization of shareholders' equity to generate profits.
The trend shows a generally increasing pattern from Q1 2022 to Q1 2023, with ROE peaking at 47.28% in Q1 2023 before decreasing slightly in subsequent quarters. This suggests that the company has been effectively leveraging its equity to boost earnings during this time frame.
The high and stable ROE values signify that Installed Building Products Inc is producing a commendable return for its shareholders relative to the equity they have invested in the company. This consistent performance reflects positively on the company's operational efficiency and profitability.
Overall, the trend of increasing ROE over the quarters demonstrates that Installed Building Products Inc has been successful in managing its resources effectively to drive shareholder value.
Peer comparison
Dec 31, 2023