Matson Inc (MATX)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 297,100 | 1,063,900 | 927,400 | 193,100 | 82,700 |
| Total stockholders’ equity | US$ in thousands | 2,400,700 | 2,296,900 | 1,667,400 | 961,200 | 805,700 |
| ROE | 12.38% | 46.32% | 55.62% | 20.09% | 10.26% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $297,100K ÷ $2,400,700K
= 12.38%
Matson Inc's return on equity (ROE) has displayed fluctuations over the past five years, ranging from 10.26% in 2019 to 55.62% in 2021. The ROE decreased to 20.09% in 2020 before further declining to 12.38% in 2023.
The significant ROE of 55.62% in 2021 indicates that Matson Inc was generating a high return for each dollar of shareholder equity during that year. However, the subsequent decreases in 2022 and 2023 suggest a decline in the company's efficiency in utilizing shareholder equity to generate profits.
It is essential for stakeholders to further investigate the reasons behind the fluctuations in ROE to assess the company's financial performance and sustainability. Factors such as changes in profitability, asset utilization, leverage, or management efficiency could have influenced Matson Inc's ROE trends over the analyzed period.
Peer comparison
Dec 31, 2023