Masco Corporation (MAS)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 908,000 | 844,000 | 410,000 | 1,224,000 | 935,000 |
| Total stockholders’ equity | US$ in thousands | -126,000 | -480,000 | -179,000 | 195,000 | -235,000 |
| ROE | — | — | — | 627.69% | — |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $908,000K ÷ $-126,000K
= —
Masco Corp.'s Return on Equity (ROE) for the year ended December 31, 2023, is not available in the provided data. However, in 2022, the company reported an ROE of —, and in 2020, it achieved a remarkably high ROE of 623.08%.
The significant jump in ROE from 2020 to 2022 indicates a substantial improvement in the company's profitability and efficiency in generating returns for its shareholders. However, the absence of ROE data for 2021 and 2023 limits the ability to assess the trend over time.
It is essential to delve deeper into the components of the ROE formula, including net income margin, asset turnover, and financial leverage, to gain a more robust understanding of Masco Corp.'s performance and the factors driving its return on equity figures.
Peer comparison
Dec 31, 2023