Matthews International Corporation (MATW)
Return on equity (ROE)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -59,660 | 26,224 | 33,185 | 33,285 | 39,291 | -59,391 | -65,236 | -76,268 | -99,774 | -22,491 | -22,029 | -15,135 | 2,910 | 13,992 | 12,906 | -78,447 | -87,155 | -165,692 | -153,332 | -51,551 |
| Total stockholders’ equity | US$ in thousands | 437,158 | 503,645 | 509,300 | 508,762 | 525,668 | 522,221 | 512,693 | 505,245 | 487,352 | 590,872 | 629,190 | 644,820 | 636,548 | 625,748 | 619,046 | 621,464 | 610,807 | 601,107 | 590,147 | 714,420 |
| ROE | -13.65% | 5.21% | 6.52% | 6.54% | 7.47% | -11.37% | -12.72% | -15.10% | -20.47% | -3.81% | -3.50% | -2.35% | 0.46% | 2.24% | 2.08% | -12.62% | -14.27% | -27.56% | -25.98% | -7.22% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-59,660K ÷ $437,158K
= -13.65%
The return on equity (ROE) for Matthews International Corporation has exhibited variability over the period from December 2019 to September 2024. The ROE reached its highest point in March 2024 at 6.52% and remained relatively stable in subsequent quarters. However, there was a notable decline in ROE in September 2024, reaching -13.65%, indicating a negative return for shareholders during that period.
Overall, the trend in ROE for Matthews International Corporation has been inconsistent, with both positive and negative returns recorded. This fluctuation suggests that the company's profitability and efficiency in generating returns for shareholders have not been consistently strong. Further analysis of the company's financial performance and operational strategies may be necessary to determine the factors influencing these ROE fluctuations.