MGP Ingredients Inc (MGPI)
Return on equity (ROE)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 34,406 | 107,435 | 96,998 | 97,039 | 107,475 | 99,065 | 109,474 | 102,691 | 108,739 | 117,710 | 117,791 | 112,433 | 90,595 | 70,530 | 57,141 | 45,589 | 40,084 | 41,386 | 39,235 | 38,662 |
| Total stockholders’ equity | US$ in thousands | 832,543 | 914,472 | 894,457 | 867,019 | 850,492 | 819,590 | 807,122 | 775,947 | 745,644 | 724,794 | 703,827 | 679,961 | 644,265 | 615,190 | 593,578 | 278,511 | 262,526 | 252,001 | 242,697 | 235,565 |
| ROE | 4.13% | 11.75% | 10.84% | 11.19% | 12.64% | 12.09% | 13.56% | 13.23% | 14.58% | 16.24% | 16.74% | 16.54% | 14.06% | 11.46% | 9.63% | 16.37% | 15.27% | 16.42% | 16.17% | 16.41% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $34,406K ÷ $832,543K
= 4.13%
MGP Ingredients Inc's Return on Equity (ROE) has displayed some fluctuations over the quarters analyzed. ROE, a key profitability ratio, indicates the efficiency with which the company generates profits from shareholders' equity.
From March 2020 to June 2021, MGP Ingredients Inc's ROE remained relatively stable, ranging from 16.41% to 9.63%. However, there was a noticeable decline in ROE in the second quarter of 2021 to 9.63%, possibly indicating a decrease in profitability or less efficient use of equity.
Subsequently, there was a fluctuation in ROE levels, with a gradual increase up to June 2022 when it reached 16.74%. This increase may suggest improved profitability and more effective utilization of equity during this period.
However, from June 2022 to December 2024, there was a downward trend in ROE, dropping to as low as 4.13% by the end of December 2024. This declining trend might indicate challenges in maintaining profitability or managing shareholder equity effectively.
Overall, the trend in MGP Ingredients Inc's ROE demonstrates variability in profitability and efficiency in utilizing shareholder equity over the quarters analyzed. Further analysis of the company's financial performance and operations may be required to understand the factors influencing these fluctuations in ROE.