New York Times Company (NYT)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 232,387 | 173,905 | 219,971 | 100,103 | 139,966 |
| Total stockholders’ equity | US$ in thousands | 1,763,220 | 1,597,970 | 1,538,720 | 1,325,520 | 1,172,000 |
| ROE | 13.18% | 10.88% | 14.30% | 7.55% | 11.94% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $232,387K ÷ $1,763,220K
= 13.18%
The Return on Equity (ROE) for New York Times Co. has shown fluctuation over the past five years. In 2023, the ROE increased to 13.20% from 10.88% in 2022, indicating a positive trend in the company's ability to generate profit from shareholders' equity. However, it is important to note that the ROE was higher in 2021 at 14.30%. The ROE in 2020 was 7.55%, which was the lowest among the five years analyzed. In 2019, the ROE was 11.94%.
Overall, the company has demonstrated varying levels of efficiency in utilizing shareholders' equity to generate profits. The increasing trend from 2020 to 2023 suggests improvement in the company's profitability and effectiveness in leveraging equity investments. It is essential for stakeholders to monitor this ratio closely to assess the company's financial performance and sustainability over time.
Peer comparison
Dec 31, 2023