Somnigroup International Inc. (SGI)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 368,100 | 455,700 | 624,500 | 348,800 | 189,500 |
| Total stockholders’ equity | US$ in thousands | 333,400 | -12,300 | 285,800 | 503,600 | 359,500 |
| ROE | 110.41% | — | 218.51% | 69.26% | 52.71% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $368,100K ÷ $333,400K
= 110.41%
Somnigroup International Inc.'s Return on Equity (ROE) has shown significant fluctuations over the years. Starting at 52.71% on December 31, 2019, the ROE increased to 69.26% by December 31, 2020, indicating an improvement in the company's ability to generate profits from shareholders' equity.
The most notable jump occurred by December 31, 2021, with an ROE of 218.51%, showcasing an exceptional return relative to the equity invested by shareholders. This substantial increase could be due to various factors such as increased profitability, asset efficiency, or higher financial leverage.
However, the data for December 31, 2022, is not available, which may indicate an issue with data reporting or potential challenges faced by the company in that period.
By December 31, 2023, the ROE stood at 110.41%, still significantly higher than the initial value in 2019. This suggests that the company continues to deliver healthy returns on the equity provided by its shareholders, albeit at a lower level than the peak in 2021.
Overall, Somnigroup International Inc.'s ROE performance reflects fluctuations but generally indicates good efficiency in utilizing shareholders' equity to generate profits during the analyzed period.
Peer comparison
Dec 31, 2023