Kirby Corporation (KEX)
Return on equity (ROE)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 222,935 | 198,338 | 174,465 | 145,555 | 122,291 | 95,943 | -207,878 | -226,145 | -246,954 | -235,711 | 56,508 | 71,320 | -272,546 | -291,973 | -271,475 | -249,190 | 142,347 | 115,133 | 108,962 | 90,277 |
| Total stockholders’ equity | US$ in thousands | 3,185,430 | 3,156,890 | 3,110,640 | 3,082,930 | 3,042,880 | 2,973,060 | 2,927,390 | 2,909,460 | 2,886,320 | 2,843,750 | 3,101,690 | 3,085,270 | 3,084,310 | 3,075,260 | 3,048,880 | 504,011 | 3,368,620 | 3,371,520 | 3,319,150 | 3,262,340 |
| ROE | 7.00% | 6.28% | 5.61% | 4.72% | 4.02% | 3.23% | -7.10% | -7.77% | -8.56% | -8.29% | 1.82% | 2.31% | -8.84% | -9.49% | -8.90% | -49.44% | 4.23% | 3.41% | 3.28% | 2.77% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $222,935K ÷ $3,185,430K
= 7.00%
Based on the provided data, Kirby Corp.'s return on equity (ROE) has been showing a positive trend over the past eight quarters. The ROE has steadily increased from 3.23% in Q3 2022 to 7.00% in Q4 2023. This indicates that the company has been generating more profit relative to shareholders' equity over time.
Furthermore, the ROE has consistently been positive since Q1 2023, demonstrating the company's ability to generate profits from the shareholders' investments. The improving trend in ROE suggests that Kirby Corp. is effectively utilizing shareholder equity to generate earnings.
It is worth noting that in Q2 and Q1 of 2022, the company experienced negative ROE figures (-7.10% and -7.77% respectively), indicating financial difficulties during that period. However, Kirby Corp. has since turned this around and managed to achieve positive ROE figures in the following quarters.
Overall, the increasing trend in ROE for Kirby Corp. reflects positively on the company's profitability and efficiency in utilizing shareholders' equity to generate returns.
Peer comparison
Dec 31, 2023