Molson Coors Brewing Co Class B (TAP)
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 | 948,900 | 255,100 | 40,800 | -254,300 | -175,300 | 495,200 | 731,800 | 1,073,100 | 1,005,700 | -444,100 | -554,300 | -747,900 | -949,000 | 584,500 | -161,100 | -26,700 | 241,700 | 154,000 | 895,100 | 989,800 |
| Total stockholders’ equity | US$ in thousands | 13,196,000 | 13,246,000 | 13,030,800 | 12,696,500 | 12,689,700 | 13,170,300 | 13,372,800 | 13,531,800 | 13,417,100 | 13,275,500 | 12,984,800 | 12,580,800 | 12,365,000 | 13,512,700 | 13,002,900 | 12,686,600 | 13,419,400 | 13,162,400 | 13,899,400 | 13,647,300 |
| ROE | 7.19% | 1.93% | 0.31% | -2.00% | -1.38% | 3.76% | 5.47% | 7.93% | 7.50% | -3.35% | -4.27% | -5.94% | -7.67% | 4.33% | -1.24% | -0.21% | 1.80% | 1.17% | 6.44% | 7.25% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $948,900K ÷ $13,196,000K
= 7.19%
Molson Coors Beverage Company's return on equity (ROE) has fluctuated over the past eight quarters. In Q4 2023, the ROE stood at 7.19%, showing a significant improvement from the previous quarter's 1.93%. Prior to that, in Q2 and Q1 2023, the ROE was relatively low at 0.31% and -2.00%, respectively, indicating a period of underperformance.
Comparing the recent performance to the same period last year, Q4 2022 and Q3 2022 had negative ROE of -1.38% and 3.76%, which shows a mixed trend. The company saw stronger ROE levels in Q2 2022 at 5.47% and in Q1 2022 at 7.93%.
Overall, Molson Coors' ROE has shown variability, with some quarters demonstrating strong profitability compared to others. Further analysis would be needed to understand the factors driving these fluctuations and to assess the company's efficiency in generating returns for its shareholders over time.
Peer comparison
Dec 31, 2023