SPX Corp (SPXC)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 89,900 | 200 | 425,400 | 99,000 | 65,300 |
| Total stockholders’ equity | US$ in thousands | 1,194,600 | 1,079,200 | 1,102,900 | 640,100 | 511,500 |
| ROE | 7.53% | 0.02% | 38.57% | 15.47% | 12.77% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $89,900K ÷ $1,194,600K
= 7.53%
The return on equity (ROE) of SPX Corp has varied over the past five years. In 2023, the ROE was 7.53%, which indicates that for every dollar of shareholders' equity, the company generated a return of 7.53 cents. This represents a slight improvement from the previous year's ROE of 0.02%, which was close to breakeven.
In 2021, SPX Corp achieved a high ROE of 38.57%, indicating a strong performance in generating profits from shareholders' equity. This was a notable increase from the ROE of 15.47% in 2020 and 12.77% in 2019. The significant rise in ROE from 2020 to 2021 suggests that the company became more efficient in utilizing equity to generate profits.
Overall, the fluctuation in SPX Corp's ROE over the years indicates varying levels of profitability and efficiency in utilizing shareholders' equity. The company should continue to monitor and improve its ROE to ensure sustainable and profitable growth in the future.
Peer comparison
Dec 31, 2023