Travel + Leisure Co (TNL)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	396,000	357,000	308,000	-255,000	507,000
Total stockholders’ equity	US$ in thousands	-918,000	-913,000	-801,000	-975,000	-530,000
ROE		—	—	—	—	—

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $396,000K ÷ $-918,000K
= —

To calculate Travel+Leisure Co's return on equity (ROE) for the years provided, we need both the net income and the average shareholder's equity for each year. Once these figures are available, ROE can be calculated using the formula:

ROE = Net Income / Average Shareholder's Equity

Without the specific numerical data for net income and average shareholder's equity for each year, it is not possible to provide an exact ROE analysis for Travel+Leisure Co. The ROE metric is a key profitability ratio that measures how efficiently a company generates profits from its shareholder's equity.

A higher ROE indicates that the company is utilizing shareholders' equity more effectively to generate profit. On the other hand, a lower ROE may signal that the company is not efficiently utilizing its equity. It is essential to track ROE over time to assess the company's performance and its ability to generate returns for shareholders.

Furthermore, analyzing trends in ROE can provide insights into the company's financial health, profitability, and management effectiveness. It is advisable for stakeholders to compare Travel+Leisure Co's ROE with industry peers and historical performance to gain a better understanding of its financial performance and competitiveness.