Pinnacle West Capital Corp (PNW)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 501,557 | 483,602 | 618,720 | 550,559 | 538,320 |
| Total stockholders’ equity | US$ in thousands | 6,177,660 | 6,048,650 | 5,906,200 | 5,633,500 | 5,430,650 |
| ROE | 8.12% | 8.00% | 10.48% | 9.77% | 9.91% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $501,557K ÷ $6,177,660K
= 8.12%
Based on the provided data, Pinnacle West Capital Corp.'s return on equity (ROE) has fluctuated over the past five years. In 2023, the company's ROE was 8.12%, slightly higher than the previous year's ROE of 8.00%. However, when compared to the ROE of 10.48% in 2021, the 2023 figure appears to be lower.
The company's ROE in 2020 was 9.77%, and in 2019, it was slightly higher at 9.91%. Overall, Pinnacle West Capital Corp.'s ROE has shown some variability but has generally remained within a relatively close range over the past five years. This suggests that the company has been moderately successful in generating profits from its shareholders' equity during this period. Further analysis and comparison with industry benchmarks may provide additional insights into the company's performance.
Peer comparison
Dec 31, 2023