Rollins Inc (ROL)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 434,957 | 368,599 | 356,565 | 266,756 | 203,347 |
| Total stockholders’ equity | US$ in thousands | 1,155,570 | 1,267,200 | 1,111,220 | 964,651 | 833,109 |
| ROE | 37.64% | 29.09% | 32.09% | 27.65% | 24.41% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $434,957K ÷ $1,155,570K
= 37.64%
Rollins, Inc.'s return on equity (ROE) has shown a consistent upward trend over the past five years. The company's ROE increased from 24.93% in 2019 to 37.64% in 2023, indicating improved profitability and efficiency in generating returns for shareholders' equity.
The steady increase in ROE reflects positively on Rollins, Inc.'s ability to utilize its shareholders' equity effectively to generate profits. The company's strong performance in 2023 signifies efficient management of assets and effective cost control measures.
Overall, Rollins, Inc.'s consistent improvement in ROE over the years reflects positively on the company's financial health and management effectiveness. Investors may view this trend as a favorable indicator of the company's ability to generate returns on shareholders' equity.
Peer comparison
Dec 31, 2023