PBF Energy Inc (PBF)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,140,500 | 2,876,800 | 231,000 | -1,392,400 | 319,400 |
| Total stockholders’ equity | US$ in thousands | 6,488,300 | 4,929,200 | 1,926,200 | 1,642,800 | 3,039,600 |
| ROE | 32.99% | 58.36% | 11.99% | -84.76% | 10.51% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $2,140,500K ÷ $6,488,300K
= 32.99%
PBF Energy Inc's return on equity (ROE) has shown significant fluctuations over the past five years. In 2023, the ROE stood at 32.99%, a decrease from the previous year's 58.36%. This decline suggests a decrease in the company's profitability in generating returns for its shareholders compared to the prior year.
The ROE in 2021 was 11.99%, indicating a moderate level of profitability. Prior to that, in 2020, the company experienced a negative ROE of -84.76%, reflecting a significant loss in shareholder value that year.
In 2019, PBF Energy Inc's ROE was 10.49%, indicating a modest level of profitability before the significant downturn in 2020. Overall, the fluctuating ROE figures suggest a degree of volatility in the company's financial performance and ability to generate returns for its shareholders over the analyzed period.
Peer comparison
Dec 31, 2023