Materion Corporation (MTRN)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 95,702 | 85,990 | 72,474 | 15,462 | 53,394 |
| Total stockholders’ equity | US$ in thousands | 885,053 | 799,990 | 720,440 | 655,630 | 645,743 |
| ROE | 10.81% | 10.75% | 10.06% | 2.36% | 8.27% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $95,702K ÷ $885,053K
= 10.81%
Materion Corp's Return on Equity (ROE) has shown a fluctuating trend over the past five years.
In 2023, the ROE increased slightly to 10.81% from the previous year's 10.75%, indicating a modest improvement in the company's ability to generate profit from shareholders' equity.
Looking back to 2021, Materion Corp recorded an ROE of 10.06%, showing a consistent performance compared to the prior year. This suggests the company maintained its efficiency in utilizing equity to generate returns.
In 2020, Materion Corp's ROE showed a significant increase to 2.36% compared to 2019. This rise could indicate improved profitability relative to the equity invested in the business.
Furthermore, in 2019, Materion Corp's ROE stood at 8.30%, indicating a strong performance in that year in terms of generating returns for shareholders.
Overall, Materion Corp's ROE has shown variability over the past five years, with fluctuations indicating changing levels of efficiency in utilizing shareholder equity to generate profits. The recent uptick in 2023 suggests a positive trend, although it is important to monitor future performance to assess the sustainability of this improvement.