Sherwin-Williams Co (SHW)
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 | 2,388,800 | 2,418,900 | 2,342,500 | 2,126,700 | 2,020,100 | 1,937,800 | 1,754,900 | 1,825,600 | 1,864,400 | 1,967,400 | 2,171,000 | 2,118,300 | 2,030,400 | 1,872,000 | 1,742,700 | 1,617,800 | 1,541,300 | 1,393,700 | 1,171,200 | 1,103,800 |
| Total stockholders’ equity | US$ in thousands | 3,715,800 | 3,780,000 | 3,631,100 | 3,166,800 | 3,102,100 | 2,597,800 | 2,224,600 | 2,234,300 | 2,437,200 | 2,690,300 | 2,840,400 | 3,078,700 | 3,610,800 | 4,207,300 | 3,869,900 | 3,289,100 | 4,123,300 | 4,022,900 | 3,747,500 | 3,460,100 |
| ROE | 64.29% | 63.99% | 64.51% | 67.16% | 65.12% | 74.59% | 78.89% | 81.71% | 76.50% | 73.13% | 76.43% | 68.81% | 56.23% | 44.49% | 45.03% | 49.19% | 37.38% | 34.64% | 31.25% | 31.90% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,388,800K ÷ $3,715,800K
= 64.29%
Sherwin-Williams Co.'s Return on Equity (ROE) has been consistently strong over the past eight quarters, ranging from 63.99% to 81.71%. The company's ROE peaked in Q2 2022 at 81.71%, indicating that for every dollar of equity invested by shareholders, the company generated an impressive return. Although there was a slight decline in the ROE in subsequent quarters, it remained above 60% throughout the period, reflecting Sherwin-Williams Co.'s ability to efficiently utilize shareholder equity to generate profits. This consistency suggests that the company effectively leverages its equity to drive growth and profitability.
Peer comparison
Dec 31, 2023