Gibraltar Industries Inc (ROCK)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 110,533 | 82,406 | 75,629 | 64,566 | 65,091 |
| Total stockholders’ equity | US$ in thousands | 914,998 | 822,099 | 825,258 | 743,805 | 673,964 |
| ROE | 12.08% | 10.02% | 9.16% | 8.68% | 9.66% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $110,533K ÷ $914,998K
= 12.08%
Gibraltar Industries Inc.'s return on equity (ROE) has shown a generally positive trend over the past five years. The ROE increased from 9.66% in 2019 to 12.08% in 2023. This indicates that the company has been effectively utilizing shareholders' equity to generate profits.
The consistent improvement in ROE suggests that Gibraltar Industries Inc. has been efficient in managing its assets and liabilities to maximize shareholder value. The higher ROE in 2023 compared to previous years signifies a better profitability and efficiency in utilizing the shareholders' equity.
Overall, the increasing trend in ROE for Gibraltar Industries Inc. indicates a positive outlook for the company's financial performance and effective management of its financial resources.
Peer comparison
Dec 31, 2023