Nucor Corp (NUE)

Return on equity (ROE)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	4,524,799	4,995,130	5,548,370	6,648,250	7,607,330	8,602,020	9,035,010	7,980,650	6,827,462	4,975,885	3,041,560	1,643,571	721,470	430,450	512,066	789,668	1,271,143	1,810,099	2,211,724	2,508,394
Total stockholders’ equity	US$ in thousands	20,940,600	20,465,700	19,953,700	19,017,400	18,414,700	17,708,500	16,808,600	15,204,600	14,016,400	13,422,500	12,254,000	11,447,200	10,788,700	10,302,400	10,194,800	10,168,200	10,357,900	10,449,000	10,300,700	10,114,200
ROE		21.61%	24.41%	27.81%	34.96%	41.31%	48.58%	53.75%	52.49%	48.71%	37.07%	24.82%	14.36%	6.69%	4.18%	5.02%	7.77%	12.27%	17.32%	21.47%	24.80%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $4,524,799K ÷ $20,940,600K
= 21.61%

Nucor Corp.'s Return on Equity (ROE) has shown a decreasing trend over the past four quarters. In Q4 2022, the ROE was at its peak at 41.14%, then declined to 34.82% in Q1 2023, followed by further decreases to 27.70% in Q2 2023, 24.32% in Q3 2023, and 21.53% in Q4 2023. This downward trajectory indicates a declining profitability relative to shareholders' equity. It is essential for Nucor Corp. to assess the factors contributing to this trend and take appropriate measures to improve its ROE in the future.