International Flavors & Fragrances Inc (IFF)
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 | -2,567,000 | 18,000 | -2,204,000 | -2,124,000 | -1,871,000 | -1,756,000 | 635,000 | 556,000 | 270,000 | 247,228 | 138,228 | 197,228 | 363,228 | 379,543 | 421,667 | 471,044 | 455,873 | 387,830 | 356,422 | 319,194 |
| Total stockholders’ equity | US$ in thousands | 14,611,000 | 16,978,000 | 17,623,000 | 17,758,000 | 17,655,000 | 16,887,000 | 20,260,000 | 20,933,000 | 21,082,000 | 21,426,000 | 21,761,000 | 21,642,000 | 6,310,000 | 6,078,210 | 5,987,800 | 5,827,850 | 6,217,300 | 6,055,820 | 6,199,380 | 6,143,210 |
| ROE | -17.57% | 0.11% | -12.51% | -11.96% | -10.60% | -10.40% | 3.13% | 2.66% | 1.28% | 1.15% | 0.64% | 0.91% | 5.76% | 6.24% | 7.04% | 8.08% | 7.33% | 6.40% | 5.75% | 5.20% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-2,567,000K ÷ $14,611,000K
= -17.57%
International Flavors & Fragrances Inc.'s return on equity (ROE) has shown significant fluctuations over the past eight quarters. The company reported negative ROE in most of the quarters, with the lowest being -17.54% in Q4 2023. This indicates that the company's net income is not generating substantial returns in relation to its shareholders' equity.
The positive ROE figures in Q3 2022 and Q2 2022 suggest that there were periods where the company's net income was able to generate higher returns for shareholders. However, the positive ROE was short-lived as the company returned to negative ROE in subsequent quarters.
The overall trend of negative ROE indicates that International Flavors & Fragrances Inc. may be facing challenges in efficiently utilizing its shareholders' equity to generate profits. Investors and analysts may want to further investigate the underlying factors contributing to the fluctuations in ROE to assess the company's financial performance and sustainability in the long run.
Peer comparison
Dec 31, 2023