SunCoke Energy Inc (SXC)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	57,500	100,700	43,400	3,700	-152,300
Total stockholders’ equity	US$ in thousands	614,200	585,600	498,100	469,000	491,600
ROE		9.36%	17.20%	8.71%	0.79%	-30.98%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $57,500K ÷ $614,200K
= 9.36%

SunCoke Energy Inc's return on equity (ROE) has shown variability over the past five years. In 2023, the ROE stood at 9.36%, a decrease from the previous year's ROE of 17.20%. This decline indicates a decrease in the company's ability to generate profit from shareholders' equity in 2023 compared to 2022. However, the ROE was higher compared to 2021 when it was 8.71%.

In 2020, SunCoke Energy's ROE was a mere 0.79%, reflecting a significant drop from the preceding year. The company faced challenges in generating returns for its equity holders in 2020 due to various factors impacting its financial performance.

The most significant improvement in ROE was observed in 2022 when it increased to 17.20% from a negative ROE of -30.98% in 2019. This substantial turnaround highlights the company's efforts to enhance its profitability and efficiency over the years.

Overall, the trend in SunCoke Energy Inc's ROE suggests some fluctuation in the company's ability to generate returns for its equity holders, reflecting varying financial performance and operational efficiencies in different years. Additional analysis of the company's financial statements and performance drivers would provide further insights into the factors impacting its ROE dynamics.