Proto Labs Inc (PRLB)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 17,220 | -103,462 | 33,372 | 50,867 | 63,655 |
| Total stockholders’ equity | US$ in thousands | 695,295 | 697,648 | 828,493 | 644,356 | 585,790 |
| ROE | 2.48% | -14.83% | 4.03% | 7.89% | 10.87% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $17,220K ÷ $695,295K
= 2.48%
Proto Labs Inc's return on equity (ROE) has displayed fluctuations over the past five years. The ROE was 2.48% as of December 31, 2023, showing a modest return for shareholders. However, the ROE was significantly negative at -14.83% as of December 31, 2022, indicating a loss for shareholders in that particular year.
In 2021, the ROE improved to 4.03%, suggesting a moderate return on equity for investors. The ROE was higher in 2020 at 7.89%, indicating increased profitability and efficiency in generating returns for shareholders.
The highest ROE in the past five years was recorded in 2019 at 10.87%, showcasing strong returns for investors relative to the company's equity base.
Overall, the ROE trend for Proto Labs Inc has been variable, with some years showing positive returns for shareholders while others demonstrating negative or lower returns. Investors may consider analyzing the company's financial performance and efficiency in utilizing equity to generate returns to gain deeper insights into the company's financial health and prospects.
Peer comparison
Dec 31, 2023