Newell Brands Inc (NWL)
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 | -388,000 | -551,000 | -314,000 | -133,000 | 197,000 | 544,000 | 740,000 | 757,000 | 622,000 | 655,000 | 744,000 | 606,000 | -766,000 | -103,000 | -1,033,000 | -1,021,000 | 107,000 | -503,000 | -7,188,000 | -7,146,300 |
| Total stockholders’ equity | US$ in thousands | 3,112,000 | 3,126,000 | 3,315,000 | 3,333,000 | 3,519,000 | 3,855,000 | 4,022,000 | 4,047,000 | 4,158,000 | 4,055,000 | 3,986,000 | 3,836,000 | 3,874,000 | 3,726,000 | 3,492,000 | 3,454,000 | 4,963,000 | 4,137,600 | 4,969,200 | 4,948,400 |
| ROE | -12.47% | -17.63% | -9.47% | -3.99% | 5.60% | 14.11% | 18.40% | 18.71% | 14.96% | 16.15% | 18.67% | 15.80% | -19.77% | -2.76% | -29.58% | -29.56% | 2.16% | -12.16% | -144.65% | -144.42% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-388,000K ÷ $3,112,000K
= -12.47%
To analyze Newell Brands Inc's return on equity (ROE) based on the provided data, we observe a fluctuating trend over the past eight quarters.
The ROE has been negative in the most recent quarters (Q4 2023, Q3 2023, Q2 2023, and Q1 2023), indicating that the company's net income generated from shareholders' equity has been insufficient to deliver a positive return for investors. The significant negative ROE values suggest that the company's profitability and efficiency in utilizing shareholders' equity have been underperforming during these periods.
In contrast, the ROE was positive in the earlier quarters of Q4 2022, Q3 2022, Q2 2022, and Q1 2022, with values ranging from 5.60% to 18.34%. These positive ROE figures indicate that the company was able to generate a return on equity during these periods, reflecting a more favorable performance in terms of profitability and efficient use of shareholders' equity.
Overall, the fluctuating pattern in Newell Brands Inc's ROE suggests varying levels of performance and efficiency in generating returns for shareholders in the analyzed periods. A negative ROE trend in the most recent quarters may raise concerns about the company's ability to generate sustainable profits relative to its equity base, which would require further investigation into the factors influencing its financial performance.
Peer comparison
Dec 31, 2023