Mohawk Industries Inc (MHK)
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 | 517,600 | 563,888 | -358,571 | -414,771 | -439,571 | -545,603 | -318,857 | -139,626 | 25,503 | 181,136 | 985,827 | 1,041,681 | 1,033,159 | 1,092,292 | 1,026,431 | 641,889 | 515,596 | 532,041 | 482,442 | 733,140 |
| Total stockholders’ equity | US$ in thousands | 7,556,900 | 7,849,500 | 7,646,500 | 7,641,900 | 7,623,070 | 7,271,390 | 8,212,020 | 8,105,710 | 8,017,910 | 7,825,060 | 8,600,620 | 8,287,600 | 8,428,220 | 8,752,450 | 8,773,940 | 8,499,030 | 8,541,160 | 8,167,070 | 7,918,810 | 7,847,640 |
| ROE | 6.85% | 7.18% | -4.69% | -5.43% | -5.77% | -7.50% | -3.88% | -1.72% | 0.32% | 2.31% | 11.46% | 12.57% | 12.26% | 12.48% | 11.70% | 7.55% | 6.04% | 6.51% | 6.09% | 9.34% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $517,600K ÷ $7,556,900K
= 6.85%
Mohawk Industries Inc's return on equity (ROE) has varied over the years and quarters based on the provided data.
From March 2020 to June 2021, the ROE fluctuated between 6.09% and 12.57%, showing some level of inconsistency. However, from September 2021 to September 2022, there was a significant decline in ROE to as low as 0.32%, which may indicate potential financial challenges or operational inefficiencies.
The last few quarters of 2022 and 2023 saw negative ROE figures, indicating that the company's net income was insufficient to cover shareholders' equity, which could raise concerns about the company's financial health and performance during that period.
Towards the end of 2024, the ROE started to improve, reaching 6.85% by December 2024. This uptick in ROE may suggest that the company was taking steps to enhance its profitability and efficiency, potentially indicating a positive turnaround.
Overall, based on the data provided, Mohawk Industries Inc's ROE experienced fluctuations, with periods of both positive and negative trends. A sustained improvement in ROE would be desirable for the company's long-term financial health and shareholder value.
Peer comparison
Dec 31, 2024