Kelly Services A Inc (KELYA)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 36,400 | -62,500 | 156,100 | -72,000 | 112,400 |
| Total stockholders’ equity | US$ in thousands | 1,253,700 | 1,254,200 | 1,336,200 | 1,203,000 | 1,264,500 |
| ROE | 2.90% | -4.98% | 11.68% | -5.99% | 8.89% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $36,400K ÷ $1,253,700K
= 2.90%
Kelly Services, Inc.'s return on equity (ROE) has shown fluctuating trends over the past five years. In 2023, the ROE improved to 2.85% from a negative ROE of -4.98% in 2022. However, this improvement is relatively low compared to the ROE of 11.58% in 2021 and 8.80% in 2019. The company experienced a significant decline in ROE in 2021, which was followed by another negative ROE in 2022, indicating potential financial challenges or inefficiencies during these periods. It is essential for Kelly Services to focus on enhancing its profitability and efficiency to sustain and improve its ROE in the future.
Peer comparison
Dec 31, 2023