Molson Coors Brewing Co Class B (TAP)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 948,900 | -175,300 | 1,005,700 | -949,000 | 241,700 |
| Total stockholders’ equity | US$ in thousands | 13,196,000 | 12,689,700 | 13,417,100 | 12,365,000 | 13,419,400 |
| ROE | 7.19% | -1.38% | 7.50% | -7.67% | 1.80% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $948,900K ÷ $13,196,000K
= 7.19%
Molson Coors Beverage Company's return on equity (ROE) has shown variability over the past five years. In 2023, the ROE improved to 7.19% compared to the previous year, which was negative at -1.38%. This indicates a positive trend in the company's ability to generate profit from shareholders' equity.
The company's ROE was 7.50% in 2021, representing a decent return for that year. In 2020, Molson Coors had a negative ROE of -7.67%, reflecting a loss relative to shareholders' equity, which could be a result of various operational and financial challenges during that period.
In 2019, the ROE was 1.80%, showcasing a moderate return on equity for that year. Overall, Molson Coors' ROE has shown fluctuations, with both positive and negative figures in recent years, indicating varying levels of profitability relative to shareholders' investment. Further analysis of the company's financial performance and strategies would be needed to better understand the factors influencing these ROE fluctuations.
Peer comparison
Dec 31, 2023