Stericycle Inc (SRCL)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -21,400 | 56,000 | -27,800 | -57,300 | -346,800 |
| Total stockholders’ equity | US$ in thousands | 2,522,500 | 2,420,200 | 2,398,700 | 2,430,100 | 2,330,900 |
| ROE | -0.85% | 2.31% | -1.16% | -2.36% | -14.88% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-21,400K ÷ $2,522,500K
= -0.85%
Stericycle Inc.'s Return on Equity (ROE) has fluctuated over the last five years. In 2023, the ROE was a negative 0.85%, improving from the previous year's 2.31% but still indicating a low profitability relative to shareholders' equity. The company had experienced negative ROE in 2021 and 2020 at -1.16% and -2.36%, respectively, reflecting challenges in generating profit from the shareholders' investments. The lowest ROE in this period was seen in 2019 at -14.88%, indicating significant financial difficulties and inefficiencies in the utilization of equity. Overall, Stericycle Inc. has struggled to deliver strong returns on equity in recent years and may need to focus on improving profitability and operational efficiency to enhance shareholder value.
Peer comparison
Dec 31, 2023