John Bean Technologies Corporation (JBT)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 582,600 | 137,400 | 118,400 | 108,800 | 129,000 |
| Total stockholders’ equity | US$ in thousands | 1,488,900 | 905,400 | 750,500 | 637,100 | 569,500 |
| ROE | 39.13% | 15.18% | 15.78% | 17.08% | 22.65% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $582,600K ÷ $1,488,900K
= 39.13%
John Bean Technologies Corp's return on equity (ROE) has shown fluctuations over the past five years. The ROE increased significantly from 2019 to 2020, indicating improved efficiency in generating profits from shareholders' equity. However, there was a decrease in ROE in 2021 compared to 2020, but it remained relatively stable. In 2022, there was a notable increase in ROE, indicating improved profitability and efficient use of equity. The highest ROE was reported in 2023, showing a substantial improvement compared to the previous year. Overall, the trend in ROE for John Bean Technologies Corp reflects varying levels of profitability and efficiency in utilizing shareholder's equity over the period under consideration.
Peer comparison
Dec 31, 2023