Minerals Technologies Inc (MTX)
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 | 167,100 | 152,800 | 86,900 | 93,800 | 84,100 | 64,200 | 96,800 | 115,100 | 122,200 | 143,500 | 171,500 | 168,500 | 164,300 | 154,300 | 141,200 | 113,700 | 112,400 | 110,300 | 120,000 | 132,200 |
| Total stockholders’ equity | US$ in thousands | 1,747,000 | 1,706,000 | 1,662,600 | 1,661,100 | 1,652,000 | 1,589,100 | 1,626,500 | 1,622,800 | 1,579,400 | 1,502,000 | 1,543,400 | 1,562,000 | 1,539,300 | 1,506,300 | 1,499,700 | 1,464,000 | 1,460,800 | 1,438,100 | 1,406,500 | 1,379,800 |
| ROE | 9.56% | 8.96% | 5.23% | 5.65% | 5.09% | 4.04% | 5.95% | 7.09% | 7.74% | 9.55% | 11.11% | 10.79% | 10.67% | 10.24% | 9.42% | 7.77% | 7.69% | 7.67% | 8.53% | 9.58% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $167,100K ÷ $1,747,000K
= 9.56%
Minerals Technologies Inc has experienced fluctuations in its return on equity (ROE) over the reporting periods provided. ROE is an essential financial metric that indicates a company's profitability by measuring its ability to generate profit from its shareholders' investments.
From March 31, 2020, to December 31, 2022, the ROE of Minerals Technologies Inc gradually decreased, reaching a low of 4.04% in September 30, 2023. This downward trend may indicate challenges in effectively utilizing shareholders' equity to generate profits during this period.
However, starting from December 31, 2023, there was a noticeable improvement in ROE, which increased to 9.56% by the end of December 31, 2024. This increase suggests that the company may have implemented strategies to enhance profitability and efficiency in utilizing equity investments.
It is crucial for investors and stakeholders to closely monitor the ROE of Minerals Technologies Inc over time to assess the company's financial performance and management effectiveness in generating returns for its shareholders. The recent uptick in ROE is a positive sign, but continued monitoring is essential to evaluate the sustainability of this improvement.
Peer comparison
Dec 31, 2024