Koppers Holdings Inc (KOP)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 89,200 | 63,400 | 85,200 | 122,000 | 66,600 |
| Total stockholders’ equity | US$ in thousands | 498,900 | 399,400 | 406,600 | 341,700 | 147,300 |
| ROE | 17.88% | 15.87% | 20.95% | 35.70% | 45.21% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $89,200K ÷ $498,900K
= 17.88%
The Return on Equity (ROE) of Koppers Holdings Inc has fluctuated over the past five years. The company achieved an ROE of 17.88% in 2023, showing an increase from the previous year's 15.87%. However, compared to the higher levels of 2020 and 2019 with 35.70% and 45.21% respectively, the ROE has experienced a downward trend. The ROE of 20.95% in 2021 was higher than the most recent years but still lower than the peak years. This indicates that the company's profitability in generating earnings from shareholders' equity has been somewhat inconsistent and that there may be factors affecting the company's efficiency in utilizing equity to generate returns. Additional analysis would be needed to understand the factors driving these fluctuations in ROE and to assess the company's overall financial performance and efficiency.
Peer comparison
Dec 31, 2023