Boston Beer Company Inc (SAM)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 76,250 | 67,263 | 14,553 | 191,960 | 110,041 |
| Total stockholders’ equity | US$ in thousands | 1,077,930 | 1,068,550 | 983,409 | 956,967 | 735,636 |
| ROE | 7.07% | 6.29% | 1.48% | 20.06% | 14.96% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $76,250K ÷ $1,077,930K
= 7.07%
The return on equity (ROE) for Boston Beer Company Inc has varied over the past five years. In 2023, the ROE stood at 7.07%, which was a slight increase from 6.29% in 2022. However, it is notable that the ROE in 2023 was still lower than the levels seen in 2020 and 2019, which were 20.06% and 14.96%, respectively. The ROE in 2021 was the lowest among the years presented, at 1.48%.
The fluctuation in ROE indicates changes in the company's profitability relative to its shareholders' equity. A higher ROE suggests that the company is more efficient in generating profits from shareholders' equity, while a lower ROE may signify inefficiencies or decreased profitability.
Overall, Boston Beer Company Inc has experienced varying levels of return on equity in recent years, with 2023 showing a modest improvement compared to the previous year but still lower than the levels achieved in 2020 and 2019. Further analysis of the company's financial performance and operational efficiency may be necessary to understand the factors influencing these fluctuations in ROE.
Peer comparison
Dec 31, 2023