Lennox International Inc (LII)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 590,100 | 497,100 | 464,000 | 356,300 | 408,700 |
| Total stockholders’ equity | US$ in thousands | 285,300 | -203,100 | -269,000 | -17,100 | -170,200 |
| ROE | 206.83% | — | — | — | — |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $590,100K ÷ $285,300K
= 206.83%
The return on equity (ROE) for Lennox International Inc saw a significant increase from 0% in 2022 to an impressive 206.83% in 2023. This indicates that for every dollar of shareholders' equity, the company generated a profit of $2.07 in 2023. The notable improvement in ROE suggests that Lennox International Inc effectively utilized its equity to generate higher returns for its shareholders in 2023 compared to the unavailable data from previous years. It is essential to further investigate the factors that contributed to this remarkable increase in ROE to assess the company's financial performance and efficiency in utilizing its equity.
Peer comparison
Dec 31, 2023