Littelfuse Inc (LFUS)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 259,485 | 373,306 | 283,806 | 129,986 | 139,082 |
| Total stockholders’ equity | US$ in thousands | 2,480,170 | 2,211,190 | 1,893,390 | 1,608,640 | 1,495,880 |
| ROE | 10.46% | 16.88% | 14.99% | 8.08% | 9.30% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $259,485K ÷ $2,480,170K
= 10.46%
The return on equity (ROE) for Littelfuse Inc has shown some fluctuations over the past five years.
In 2023, the ROE was 10.46%, representing a decrease from the previous year's 16.88%. This decline indicates that the company's profitability in generating returns on shareholders' equity decreased in 2023 compared to 2022.
In 2022, the ROE was 16.88%, a significant improvement from 2019 and 2020. This indicates that the company was more efficient in generating profits from the shareholders' equity invested in the business in 2022.
In 2021, the ROE was at 14.99%, showing a slightly lower return compared to 2022 but still higher than the levels seen in 2019 and 2020.
In 2020, the ROE was 8.08%, a lower return compared to the preceding years. This might indicate a decline in the company's profitability or efficiency in generating returns for its shareholders in that year.
In 2019, the ROE was 9.30%, showing a slight increase from the previous year. While there was a moderate improvement, it was still lower compared to the ROE observed in 2020 and 2021.
Overall, the trend in ROE for Littelfuse Inc has been somewhat inconsistent, with fluctuations observed year over year. It is essential for investors and stakeholders to monitor these fluctuations to assess the company's performance and efficiency in utilizing shareholders' equity to generate profits.
Peer comparison
Dec 31, 2023