Gibraltar Industries Inc (ROCK)
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 | 110,533 | 94,447 | 89,465 | 88,049 | 82,406 | 88,420 | 81,681 | 78,323 | 75,629 | 57,722 | 63,926 | 65,269 | 64,566 | 87,468 | 78,184 | 70,805 | 65,091 | 63,851 | 58,878 | 61,802 |
| Total stockholders’ equity | US$ in thousands | 914,998 | 889,849 | 850,310 | 835,387 | 822,099 | 843,491 | 817,278 | 838,402 | 825,258 | 814,684 | 787,608 | 758,408 | 743,805 | 746,075 | 709,764 | 677,357 | 673,964 | 657,213 | 629,547 | 605,833 |
| ROE | 12.08% | 10.61% | 10.52% | 10.54% | 10.02% | 10.48% | 9.99% | 9.34% | 9.16% | 7.09% | 8.12% | 8.61% | 8.68% | 11.72% | 11.02% | 10.45% | 9.66% | 9.72% | 9.35% | 10.20% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $110,533K ÷ $914,998K
= 12.08%
To analyze Gibraltar Industries Inc.'s return on equity (ROE) over the past eight quarters, we observe a gradual but relatively stable increase from Q1 2022 to Q4 2023. The ROE has shown an upward trend, starting at 9.34% in Q1 2022 and reaching 12.08% in Q4 2023. This indicates that the company has been able to generate increasing profits relative to shareholders' equity over this period.
The ROE values range from 9.34% to 12.08%, with fluctuations within this range. The highest ROE of 12.08% in Q4 2023 suggests that Gibraltar Industries Inc. has been more efficient in utilizing its equity to generate profits compared to the other quarters. On the other hand, the lowest ROE of 9.34% in Q1 2022 indicates relatively lower profitability from shareholders' equity.
Overall, the trend of increasing ROE is a positive sign, reflecting improved profitability and efficiency in utilizing shareholders' equity over time. It suggests that the company is effectively leveraging its equity investment to generate returns for its shareholders.
Peer comparison
Dec 31, 2023