Organon & Co (OGN)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 1,023,000 | 917,000 | 1,351,000 |
| Total stockholders’ equity | US$ in thousands | -70,000 | -892,000 | -1,508,000 |
| ROE | — | — | — |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,023,000K ÷ $-70,000K
= —
The return on equity (ROE) of Organon & Co. has not been provided for the years 2020, 2021, 2022, and 2023. However, in 2019, the ROE was reported at a significant level of 46.99%. ROE is a measure of a company's profitability that indicates how efficiently it is utilizing its shareholders' equity to generate profits.
The high ROE in 2019 suggests that Organon & Co. was effectively generating profit relative to the shareholders' equity invested in the company during that year. It indicates robust performance and efficient management of the company's assets to create value for shareholders.
To conduct a more in-depth analysis, it would be essential to have ROE data from subsequent years to observe trends and assess the company's financial performance and profitability consistently over time.
Peer comparison
Dec 31, 2023