NV5 Global Inc (NVEE)

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 44,613 42,676 45,423 47,278 49,973 57,429 53,939 50,309 47,147 36,264 31,445 22,310 21,018 20,020 18,109 22,400 23,755 27,839 29,281 28,107
Total stockholders’ equity US$ in thousands 775,795 759,917 741,148 719,870 694,240 682,357 660,943 639,503 624,720 604,122 585,986 547,189 394,069 384,565 372,370 364,366 355,963 348,067 339,001 326,171
ROE 5.75% 5.62% 6.13% 6.57% 7.20% 8.42% 8.16% 7.87% 7.55% 6.00% 5.37% 4.08% 5.33% 5.21% 4.86% 6.15% 6.67% 8.00% 8.64% 8.62%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $44,613K ÷ $775,795K
= 5.75%

NV5 Global Inc's return on equity (ROE) has shown some fluctuations over the past few quarters. The ROE for the latest quarter, ending December 31, 2023, was 5.75%, indicating that for every dollar of equity, the company generated a return of 5.75 cents.

Comparing this to previous quarters, we see that the ROE has been on a slight decline since the peak of 8.64% in March 2019. This downward trend suggests that the company may be facing challenges in generating profits from its equity base.

While a ROE of 5.75% is not necessarily low, it is important to monitor the trend over time to assess the company's ability to efficiently use its equity to generate profits for its shareholders. It would be beneficial for stakeholders to delve deeper into the company's financial performance and strategy to understand the factors influencing the ROE and address any potential areas for improvement.


Peer comparison

Dec 31, 2023

Company name
Symbol
ROE
NV5 Global Inc
NVEE
5.75%
Johnson Controls International PLC
JCI
12.61%