Public Service Enterprise Group Inc (PEG)
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 | 2,563,000 | 2,805,000 | 2,780,000 | 2,320,000 | 1,031,000 | 688,000 | -990,000 | -1,298,000 | -648,000 | -662,000 | 1,477,000 | 2,105,000 | 1,905,000 | 1,911,000 | 1,739,000 | 1,441,000 | 1,693,000 | 1,455,000 | 1,464,000 | 1,580,000 |
| Total stockholders’ equity | US$ in thousands | 14,098,000 | 15,166,000 | 15,053,000 | 14,726,000 | 12,352,000 | 13,251,000 | 13,428,000 | 13,598,000 | 13,542,000 | 14,069,000 | 15,878,000 | 16,277,000 | 15,123,000 | 15,836,000 | 15,491,000 | 15,249,000 | 14,258,000 | 14,925,000 | 14,754,000 | 14,814,000 |
| ROE | 18.18% | 18.50% | 18.47% | 15.75% | 8.35% | 5.19% | -7.37% | -9.55% | -4.79% | -4.71% | 9.30% | 12.93% | 12.60% | 12.07% | 11.23% | 9.45% | 11.87% | 9.75% | 9.92% | 10.67% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,563,000K ÷ $14,098,000K
= 18.18%
Public Service Enterprise Group Inc.'s Return on Equity (ROE) has shown a positive trend in recent quarters, reflecting the company's ability to generate profit from shareholders' equity. The ROE increased from 7.51% in Q4 2022 to 16.56% in Q4 2023, indicating a significant improvement in the company's efficiency in utilizing its equity to generate returns.
The ROE remained above 15% in Q2 2023 and Q3 2023, suggesting sustained profitability and effective management of the company's resources. This could be attributed to strategic decisions, operational efficiency, or effective cost management practices.
While the ROE declined slightly in Q1 2023 compared to the previous two quarters, it remained above 15%, indicating a solid performance. Furthermore, the negative ROE figures in Q2 2022 and Q1 2022 may have been influenced by specific events or extraordinary circumstances during those periods.
Overall, Public Service Enterprise Group Inc.'s recent ROE performance indicates a positive outlook for the company's financial health and its ability to generate returns for its shareholders. It is essential for investors and stakeholders to continue monitoring the company's ROE trajectory to assess its financial performance and sustainability in the long term.
Peer comparison
Dec 31, 2023