Southern Company (SO)
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 | 3,977,000 | 2,884,000 | 2,934,000 | 3,203,000 | 3,373,000 | 3,627,000 | 3,256,000 | 2,521,000 | 2,625,000 | 3,011,000 | 3,161,000 | 3,401,000 | 3,133,000 | 3,171,000 | 3,236,000 | 3,523,000 | 4,739,000 | 4,577,000 | 4,425,000 | 3,372,000 |
| Total stockholders’ equity | US$ in thousands | 31,444,000 | 35,304,000 | 34,648,000 | 34,562,000 | 30,408,000 | 35,718,000 | 33,255,000 | 32,920,000 | 27,874,000 | 33,510,000 | 33,037,000 | 33,359,000 | 27,972,000 | 32,791,000 | 32,252,000 | 32,207,000 | 27,505,000 | 32,082,000 | 31,422,000 | 30,978,000 |
| ROE | 12.65% | 8.17% | 8.47% | 9.27% | 11.09% | 10.15% | 9.79% | 7.66% | 9.42% | 8.99% | 9.57% | 10.20% | 11.20% | 9.67% | 10.03% | 10.94% | 17.23% | 14.27% | 14.08% | 10.89% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $3,977,000K ÷ $31,444,000K
= 12.65%
The return on equity (ROE) for Southern Company has shown fluctuation over the past eight quarters. In Q4 2023, the ROE was 12.64%, representing an increase from the previous quarter's 9.67%. This improvement suggests that the company was able to generate more profit from its shareholders' equity in the most recent quarter.
Comparing year-over-year performance, the Q4 2023 ROE of 12.64% was slightly lower than the ROE of 11.59% in Q4 2022, indicating a relatively weaker profitability position in the same quarter of the previous year.
Looking at the trend over the past eight quarters, the ROE has generally been within the range of 8.09% to 12.64%, with occasional fluctuations. The ROE peaked in Q4 2023 and was at its lowest in Q2 2022 at 8.09%.
Overall, Southern Company's ROE performance indicates variations in the company's ability to generate profit from its shareholders' equity during the specified period. Further analysis and context would be needed to fully understand the factors influencing these fluctuations in ROE.
Peer comparison
Dec 31, 2023