Norwegian Cruise Line Holdings Ltd (NCLH)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	166,178	-2,269,910	-4,506,590	-4,012,510	930,228
Total stockholders’ equity	US$ in thousands	300,807	68,591	2,432,650	4,354,100	6,515,580
ROE		55.24%	-3,309.34%	-185.25%	-92.15%	14.28%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $166,178K ÷ $300,807K
= 55.24%

Norwegian Cruise Line Holdings Ltd's return on equity (ROE) experienced a significant improvement in the fiscal year ending December 31, 2023, reaching 55.24%. This marks a notable turnaround compared to the negative ROE figures reported in the previous years, particularly in 2022 and 2021 where the ROE was -3,309.34% and -185.25%, respectively. The company's ROE had also been negative in 2020 at -92.15%.

The positive ROE of 55.24% in 2023 indicates that the company generated a significant return for its shareholders relative to the equity invested. This improvement in ROE may suggest better operational efficiency, effective cost management, or enhanced profitability during the period.

It is important for investors and stakeholders to closely monitor the company's ROE trends to assess the company's performance and its ability to generate profits from shareholders' equity. Further analysis of the company's financial statements and operating metrics may provide additional insights into the factors driving the change in ROE over the years.