PBF Energy Inc (PBF)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -533,800 | -292,900 | 779,400 | 1,865,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 5,544,200 | 5,881,700 | 6,265,100 | 6,455,900 | 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 |
| ROE | -9.63% | -4.98% | 12.44% | 28.89% | 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-533,800K ÷ $5,544,200K
= -9.63%
PBF Energy Inc's return on equity (ROE) has displayed significant fluctuations over the past few years. The company experienced negative ROE figures in the range of -50.07% to -84.76% in the first half of 2020, indicating poor performance in generating profits from shareholders' equity during that period.
However, there is a notable improvement in ROE starting from the second half of 2021, with positive figures ranging from 11.99% to 58.36% by the end of 2022. This indicates that the company was able to generate higher profits relative to shareholders' equity during this period.
The trend continued positively in 2023 with ROE ranging between 32.99% and 63.84%. However, there was a slight decrease in ROE in the following quarters of 2024, with figures ranging from -9.63% to 12.44%, showing a decline in profitability relative to shareholders' equity during that period.
Overall, PBF Energy Inc's ROE has shown a volatile trend, with periods of both negative and positive returns. It is essential for the company to sustain and improve its positive ROE figures to ensure efficient utilization of equity capital and deliver value to its shareholders.
Peer comparison
Dec 31, 2024