Integer Holdings Corp (ITGR)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 90,650 | 66,377 | 96,808 | 77,258 | 96,336 |
| Total stockholders’ equity | US$ in thousands | 1,519,040 | 1,417,460 | 1,354,700 | 1,271,060 | 1,152,490 |
| ROE | 5.97% | 4.68% | 7.15% | 6.08% | 8.36% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $90,650K ÷ $1,519,040K
= 5.97%
Integer Holdings Corp's return on equity (ROE) has shown some fluctuations over the past five years. In 2023, the ROE was 5.97%, a slight increase from the previous year's 4.68%. However, this ROE is still lower compared to the ROE of 2019, which stood at 8.36%. The company experienced a peak ROE in 2019, followed by a downward trend in 2020 and 2021 before a moderate improvement in 2022 and 2023.
The fluctuation in ROE indicates that Integer Holdings Corp's ability to generate profit from shareholders' equity has been inconsistent over the years. It is essential for the company to analyze the factors contributing to these fluctuations to make informed decisions and improve its financial performance in the future.
Peer comparison
Dec 31, 2023