Nucor Corp (NUE)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	4,524,800	7,607,340	6,827,460	721,470	1,271,140
Total stockholders’ equity	US$ in thousands	20,940,600	18,414,700	14,016,400	10,788,700	10,357,900
ROE		21.61%	41.31%	48.71%	6.69%	12.27%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $4,524,800K ÷ $20,940,600K
= 21.61%

Nucor Corp.'s return on equity (ROE) has displayed some fluctuations over the past five years. In 2023, the ROE stood at 21.53%, showing a decrease from the previous year's 41.14%. This decline could indicate a potential drop in the company's efficiency in generating profits from shareholders' equity.

Looking back, Nucor's ROE was notably high in 2021 at 48.48%, showcasing a robust performance in utilizing equity to generate earnings. This peak might have been a result of effective financial management or successful operational strategies.

In contrast, the ROE was relatively low in 2020 and 2019, recording 6.65% and 12.20%, respectively. These figures suggest a period of lower profitability and efficiency in utilizing shareholder equity for generating returns.

Overall, the varying ROE figures of Nucor Corp. over the years indicate fluctuations in the company's profitability and effectiveness in generating returns for its shareholders. Further analysis of the company's financial performance and operational strategies may provide insights into the reasons behind these fluctuations in ROE.