Innospec Inc (IOSP)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 139,000 | 133,000 | 93,000 | 28,600 | 112,100 |
| Total stockholders’ equity | US$ in thousands | 1,147,100 | 1,038,000 | 1,032,400 | 944,400 | -74,400 |
| ROE | 12.12% | 12.81% | 9.01% | 3.03% | — |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $139,000K ÷ $1,147,100K
= 12.12%
Innospec Inc's return on equity (ROE) has fluctuated over the past five years, ranging from a low of 3.04% in 2020 to a high of 12.81% in 2022. In 2023, the ROE decreased slightly to 12.13%. This indicates that the company's profitability in generating returns for its shareholders has varied over the years.
The increase in ROE from 2020 to 2022 suggests an improvement in the company's ability to generate profits from shareholders' equity. However, the slight decrease in 2023 may indicate some challenges in sustaining or further increasing profitability.
Overall, Innospec Inc's ROE performance has shown some degree of stability, with a general trend of staying above 9% in recent years. Investors and analysts should continue to monitor the company's ROE along with other financial metrics to assess its financial health and future prospects.
Peer comparison
Dec 31, 2023