Ingredion Incorporated (INGR)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 643,000 | 492,000 | 117,000 | 348,000 | 413,000 |
| Total stockholders’ equity | US$ in thousands | 3,538,000 | 3,147,000 | 3,100,000 | 2,951,000 | 2,720,000 |
| ROE | 18.17% | 15.63% | 3.77% | 11.79% | 15.18% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $643,000K ÷ $3,538,000K
= 18.17%
Ingredion Inc's return on equity (ROE) has shown some fluctuations in recent years. Starting from 15.18% in 2019, the ROE increased to 11.79% in 2020, but then saw a significant improvement to 3.77% in 2021. This improvement continued with a substantial increase to 15.63% in 2022 and further to 18.17% in 2023.
The rising trend in ROE indicates that the company has been effectively utilizing its equity to generate profits for its shareholders. The notable increase in ROE from 2021 to 2023 suggests that Ingredion Inc has been successful in enhancing its profitability and efficiency in utilizing its shareholder equity.
Overall, the improving trend in ROE reflects positively on Ingredion Inc's ability to generate returns on the equity invested by its shareholders, indicating the company's operational efficiency and profitability growth over the past few years.
Peer comparison
Dec 31, 2023