Par Pacific Holdings Inc (PARR)

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	728,642	524,037	620,018	739,130	364,189	287,556	101,962	-156,121	-81,297	-221,301	-317,374	-248,976	-409,086	-241,729	-311,349	-242,620	40,809	19,256	97,325	85,334
Total stockholders’ equity	US$ in thousands	1,335,420	1,071,260	919,311	887,993	644,537	546,892	278,729	125,917	265,700	253,502	169,692	276,067	246,274	379,940	392,476	430,388	648,242	579,510	659,563	611,202
ROE		54.56%	48.92%	67.44%	83.24%	56.50%	52.58%	36.58%	-123.99%	-30.60%	-87.30%	-187.03%	-90.19%	-166.11%	-63.62%	-79.33%	-56.37%	6.30%	3.32%	14.76%	13.96%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $728,642K ÷ $1,335,420K
= 54.56%

The return on equity (ROE) of Par Pacific Holdings Inc has displayed significant variability over the past eight quarters. The ROE ranged from a low of -123.99% in Q1 2022 to a high of 83.24% in Q1 2023. Overall, the ROE trend indicates fluctuating profitability and efficiency in utilizing shareholder equity. The positive ROE values suggest that the company was generating profits from shareholders' investments, although the negative ROE in Q1 2022 indicates a period of losses exceeding the equity invested. The recent downward trend from Q3 2023 to Q4 2023 may indicate a potential decline in profitability and efficiency. It would be prudent for stakeholders to closely monitor the company's financial performance and assess factors contributing to the fluctuating ROE over time.