Patrick Industries Inc (PATK)

Return on equity (ROE)

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income US$ in thousands 142,897 328,196 224,915 97,061 89,566
Total stockholders’ equity US$ in thousands 1,045,340 955,169 767,557 559,441 497,481
ROE 13.67% 34.36% 29.30% 17.35% 18.00%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $142,897K ÷ $1,045,340K
= 13.67%

The return on equity (ROE) for Patrick Industries, Inc. has varied over the past five years, ranging from a low of 13.67% in 2023 to a high of 34.36% in 2022. The downward trend in ROE from 2022 to 2023 suggests a decrease in the company's profitability relative to its equity base. It is important to investigate the factors contributing to this decline in ROE to determine if it is a temporary fluctuation or indicative of underlying issues within the company. Overall, the ROE figures indicate that Patrick Industries has been successful in generating a return for its shareholders, but further analysis is necessary to understand the drivers behind these fluctuations.


Peer comparison

Dec 31, 2023