SPX Corp (SPXC)
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 | 89,900 | 31,100 | 54,600 | 31,600 | 200 | 33,900 | 361,100 | 410,000 | 425,400 | 445,400 | 137,900 | 103,100 | 99,000 | 98,000 | 96,700 | 88,800 | 65,300 | 79,100 | 64,200 | 68,000 |
| Total stockholders’ equity | US$ in thousands | 1,194,600 | 1,146,900 | 1,172,600 | 1,126,100 | 1,079,200 | 1,079,700 | 1,088,600 | 1,115,800 | 1,102,900 | 1,070,800 | 739,500 | 671,700 | 640,100 | 583,100 | 552,100 | 515,100 | 511,500 | 461,300 | 436,700 | 415,300 |
| ROE | 7.53% | 2.71% | 4.66% | 2.81% | 0.02% | 3.14% | 33.17% | 36.74% | 38.57% | 41.60% | 18.65% | 15.35% | 15.47% | 16.81% | 17.51% | 17.24% | 12.77% | 17.15% | 14.70% | 16.37% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $89,900K ÷ $1,194,600K
= 7.53%
The Return on Equity (ROE) for SPX Corp has shown fluctuation over the past several quarters. Between December 2019 and September 2022, the ROE was relatively high, peaking at 41.60% in March 2020. However, there was a significant decrease in ROE in the following quarters, hitting a low of 0.02% in December 2022.
From December 2022 to December 2023, there was a gradual improvement in ROE, reaching 7.53% by the end of 2023. This indicates that the company's profitability relative to shareholders' equity has been recovering. It is important to further investigate the reasons behind the fluctuations in ROE to assess the company's financial performance and sustainability.
Peer comparison
Dec 31, 2023