Spire Inc (SR)

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	211,600	217,500	339,600	359,800	354,200	318,900	283,600	290,300	304,100	337,300	261,900	164,300	110,500	88,600	74,000	163,300	184,300	184,600	193,000	221,900
Total stockholders’ equity	US$ in thousands	3,050,800	2,917,300	2,932,500	2,986,500	2,864,100	2,818,500	2,845,900	2,841,200	2,669,800	2,658,200	2,697,100	2,731,300	2,586,800	2,522,300	2,558,400	2,665,600	2,586,000	2,543,000	2,612,600	2,406,000
ROE		6.94%	7.46%	11.58%	12.05%	12.37%	11.31%	9.97%	10.22%	11.39%	12.69%	9.71%	6.02%	4.27%	3.51%	2.89%	6.13%	7.13%	7.26%	7.39%	9.22%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $211,600K ÷ $3,050,800K
= 6.94%

The return on equity (ROE) for Spire Inc. has shown a generally stable trend over the past eight quarters. The values have ranged from a low of 6.41% in Q1 2024 to a high of 8.37% in Q1 2023. While there have been fluctuations, the ROE has mostly hovered around 7% to 8% range. This indicates that the company is generating a moderate return for its shareholders relative to their equity investment.

It is important to note that ROE is a key measure of a company's profitability and efficiency in utilizing shareholder equity to generate profits. A higher ROE suggests that the company is better at utilizing its equity to generate profits for its shareholders. Conversely, a lower ROE may signify lower profitability or inefficiency in using shareholder funds.

In the case of Spire Inc., the ROE values around 7% to 8% indicate a moderate level of profitability and efficiency in utilizing shareholder equity. Investors and analysts may further investigate the factors driving the ROE trends, such as revenue growth, expense management, asset utilization, and leverage, to gain deeper insights into the company's financial performance.