Patrick Industries Inc (PATK)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 138,401 | 142,897 | 328,196 | 224,915 | 97,061 |
| Total stockholders’ equity | US$ in thousands | 1,128,370 | 1,045,340 | 955,169 | 767,557 | 559,441 |
| ROE | 12.27% | 13.67% | 34.36% | 29.30% | 17.35% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $138,401K ÷ $1,128,370K
= 12.27%
Patrick Industries Inc's return on equity (ROE) has shown fluctuating performance over the years. The ROE increased from 17.35% in 2020 to 29.30% in 2021, indicating improved profitability in 2021. Subsequently, there was a further increase to 34.36% in 2022, reaching the highest level in the provided data. However, in 2023, there was a significant decline in ROE to 13.67%, suggesting a potential decrease in profitability that year. This trend continued in 2024, with ROE dropping further to 12.27%.
Overall, while Patrick Industries Inc experienced a strong improvement in ROE in 2021 and 2022, the subsequent decline in 2023 and 2024 indicates a potential challenge in maintaining profitability and efficiently utilizing shareholders' equity during those years. It is advisable for stakeholders to further investigate the factors driving these fluctuations in ROE to assess the company's financial performance comprehensively.
Peer comparison
Dec 31, 2024