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