PBF Energy Inc (PBF)

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	2,140,500	2,826,700	3,096,700	3,280,000	2,876,800	2,404,300	1,407,000	251,200	231,000	-232,700	-709,000	-367,800	-1,392,400	-1,041,000	-554,300	-975,600	319,500	-87,300	22,800	327,100
Total stockholders’ equity	US$ in thousands	6,488,300	6,718,500	6,044,900	5,137,900	4,929,200	4,218,200	3,147,600	1,911,000	1,926,200	1,729,200	1,664,400	1,606,700	1,642,800	1,935,400	2,344,800	1,948,300	3,039,600	3,007,700	2,967,400	2,957,700
ROE		32.99%	42.07%	51.23%	63.84%	58.36%	57.00%	44.70%	13.14%	11.99%	-13.46%	-42.60%	-22.89%	-84.76%	-53.79%	-23.64%	-50.07%	10.51%	-2.90%	0.77%	11.06%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,140,500K ÷ $6,488,300K
= 32.99%

The return on equity (ROE) of PBF Energy Inc has shown fluctuating trends over the past eight quarters. The ROE has ranged from 13.14% in Q1 2022 to a peak of 63.84% in Q1 2023. The most recent ROE figures for Q4 2023 indicate a ROE of 32.99%. This signifies a decrease from the previous quarter but remains relatively strong compared to historical figures.

The upward trajectory of ROE from Q1 2022 to Q1 2023 suggests an improvement in the company's ability to generate profits from shareholders' equity. The high levels of ROE in Q1 2023 and Q2 2023 point towards efficient utilization of shareholder equity to generate earnings. However, the subsequent decline in Q3 and Q4 2023 may indicate potential challenges in sustaining the same level of profitability.

Overall, the ROE performance of PBF Energy Inc reflects fluctuations, indicating varying levels of profitability and efficiency in utilizing shareholder funds to generate earnings. It may be beneficial for stakeholders to further investigate the drivers behind these changes to assess the company's financial health and performance sustainability.