Steel Dynamics Inc (STLD)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,450,880 | 3,862,670 | 3,214,070 | 550,822 | 671,103 |
| Total stockholders’ equity | US$ in thousands | 8,866,670 | 8,130,360 | 6,304,640 | 4,345,160 | 4,075,830 |
| ROE | 27.64% | 47.51% | 50.98% | 12.68% | 16.47% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $2,450,880K ÷ $8,866,670K
= 27.64%
Steel Dynamics Inc.'s return on equity (ROE) has shown fluctuations over the past five years. The ROE was 27.64% in 2023, a decrease from the previous year's 47.51%. However, the 2022 ROE was a significant improvement from 2021, where it stood at 50.98%. In 2020, the ROE was at 12.68%, indicating a lower return compared to the recent years. The ROE showed a slight increase in 2019 at 16.47%.
Overall, Steel Dynamics Inc.'s ROE performance has been somewhat inconsistent, with significant fluctuations observed annually. It would be crucial for stakeholders to further investigate the reasons behind these variations to assess the company's profitability and efficiency in utilizing shareholders' equity effectively.
Peer comparison
Dec 31, 2023