Republic Services Inc (RSG)
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 | 1,731,050 | 1,638,219 | 1,574,974 | 1,519,474 | 1,487,574 | 1,453,929 | 1,387,305 | 1,346,470 | 1,290,370 | 1,212,765 | 1,122,465 | 1,016,900 | 967,300 | 1,021,100 | 1,059,400 | 1,085,400 | 1,073,300 | 1,085,000 | 1,050,100 | 1,033,500 |
| Total stockholders’ equity | US$ in thousands | 10,542,300 | 10,331,300 | 10,203,700 | 9,916,500 | 9,686,000 | 9,489,900 | 9,215,400 | 8,984,000 | 8,978,900 | 8,873,300 | 8,778,300 | 8,632,900 | 8,483,900 | 8,370,100 | 8,227,100 | 8,117,200 | 8,118,200 | 7,976,500 | 7,952,900 | 7,919,500 |
| ROE | 16.42% | 15.86% | 15.44% | 15.32% | 15.36% | 15.32% | 15.05% | 14.99% | 14.37% | 13.67% | 12.79% | 11.78% | 11.40% | 12.20% | 12.88% | 13.37% | 13.22% | 13.60% | 13.20% | 13.05% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,731,050K ÷ $10,542,300K
= 16.42%
Republic Services, Inc.'s return on equity (ROE) has shown a generally positive trend over the last eight quarters. ROE ranged from 14.99% to 16.42%, with the most recent quarter (Q4 2023) reporting the highest ROE at 16.42%. This indicates that the company is generating a favorable return for shareholders on their invested equity.
The consistent improvement in ROE signals efficient utilization of shareholder funds to generate profit. It suggests that the company has been effectively managing its assets and liabilities to create value for shareholders. The upward trend in ROE reflects positively on the company's operational performance and overall financial health.
Investors and stakeholders typically view a rising ROE favorably as it indicates the company's ability to generate higher profits relative to shareholders' equity. However, it is essential to consider other financial metrics and factors to gain a comprehensive understanding of Republic Services, Inc.'s overall financial performance and future prospects.
Peer comparison
Dec 31, 2023