Phillips 66 (PSX)
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 | 7,015,000 | 7,639,000 | 10,933,000 | 12,403,000 | 11,024,000 | 10,413,000 | 5,424,000 | 2,553,000 | 1,317,000 | -495,000 | -1,696,000 | -2,133,000 | -3,975,000 | -2,700,000 | -1,189,000 | 376,000 | 3,076,000 | 4,580,000 | 5,360,000 | 5,275,000 |
| Total stockholders’ equity | US$ in thousands | 30,583,000 | 30,821,000 | 29,898,000 | 30,249,000 | 29,494,000 | 28,233,000 | 24,276,000 | 21,815,000 | 19,166,000 | 18,139,000 | 18,149,000 | 17,979,000 | 18,984,000 | 19,722,000 | 20,715,000 | 21,372,000 | 24,910,000 | 24,857,000 | 24,752,000 | 24,217,000 |
| ROE | 22.94% | 24.79% | 36.57% | 41.00% | 37.38% | 36.88% | 22.34% | 11.70% | 6.87% | -2.73% | -9.34% | -11.86% | -20.94% | -13.69% | -5.74% | 1.76% | 12.35% | 18.43% | 21.65% | 21.78% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $7,015,000K ÷ $30,583,000K
= 22.94%
Phillips 66's return on equity (ROE) has shown fluctuations over the past eight quarters. In Q4 2023, the ROE was 22.90%, which decreased from the previous quarter's value of 24.75%. Despite this slight decrease, the company's ROE remained relatively strong compared to earlier quarters.
The highest ROE during this period was observed in Q1 2023 at 40.97%, indicating a peak in profitability and efficiency in that particular quarter. This was followed by Q2 2023 and Q3 2022, where the ROE values were 36.53% and 36.85%, respectively, showcasing consistent performance in generating returns for shareholders.
On the other hand, there were periods of lower ROE, such as in Q1 2022 with a value of 11.65%, highlighting potential challenges in profitability and efficiency during that quarter. However, Phillips 66 managed to improve its ROE over time, evident from the increasing trend in the latter quarters.
Overall, the fluctuations in Phillips 66's ROE indicate varying levels of profitability and efficiency over the past two years. The company should continue monitoring and managing its financial performance to sustain and enhance shareholder value in the future.
Peer comparison
Dec 31, 2023