Minerals Technologies Inc (MTX)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 84,100 | 122,200 | 164,400 | 112,400 | 132,700 |
| Total stockholders’ equity | US$ in thousands | 1,652,000 | 1,579,500 | 1,539,300 | 1,460,800 | 1,402,700 |
| ROE | 5.09% | 7.74% | 10.68% | 7.69% | 9.46% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $84,100K ÷ $1,652,000K
= 5.09%
Minerals Technologies, Inc.'s return on equity (ROE) has exhibited a decreasing trend over the past five years. The ROE decreased from 9.46% in 2019 to 5.09% in 2023. This decline suggests that the company's ability to generate profits from shareholders' equity has weakened over this period. Factors contributing to this trend may include changes in the company's profitability, leverage, or efficiency in utilizing shareholders' equity. Further analysis would be needed to pinpoint the specific drivers of this decline and to assess the overall financial health and performance of Minerals Technologies, Inc.
Peer comparison
Dec 31, 2023