Republic Services Inc (RSG)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,731,000 | 1,487,600 | 1,290,400 | 967,200 | 1,073,300 |
| Total stockholders’ equity | US$ in thousands | 10,542,300 | 9,686,000 | 8,978,900 | 8,483,900 | 8,118,200 |
| ROE | 16.42% | 15.36% | 14.37% | 11.40% | 13.22% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,731,000K ÷ $10,542,300K
= 16.42%
The return on equity (ROE) of Republic Services, Inc. has shown a generally positive trend over the past five years, indicating improved efficiency in generating profits from shareholders' equity.
From December 31, 2019, to December 31, 2023, the ROE increased from 13.22% to 16.42%, reflecting an overall improvement in the company's ability to generate profits relative to its equity base. This suggests effective management in utilizing shareholders' equity to generate earnings.
The steady growth in ROE from 11.40% in 2020 to 16.42% in 2023 indicates a positive trajectory in the company's profitability and efficiency over the years. The company has been successful in enhancing its operational performance and delivering value to its shareholders.
Overall, Republic Services, Inc. has demonstrated a consistent and favorable performance in terms of return on equity, indicating efficient use of shareholders' funds to generate profits. This trend is a positive indicator of the company's financial health and management effectiveness.
Peer comparison
Dec 31, 2023