Texas Pacific Land Trust (TPL)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 453,960 | 448,710 | 447,690 | 433,494 | 405,645 | 392,266 | 416,529 | 435,030 | 446,362 | 425,676 | 379,676 | 317,828 | 269,980 | 235,726 |
| Total stockholders’ equity | US$ in thousands | 1,132,460 | 1,052,130 | 1,206,420 | 1,122,450 | 1,043,200 | 964,558 | 887,550 | 829,051 | 772,887 | 721,170 | 645,281 | 727,876 | 651,711 | 601,042 |
| ROE | 40.09% | 42.65% | 37.11% | 38.62% | 38.88% | 40.67% | 46.93% | 52.47% | 57.75% | 59.03% | 58.84% | 43.67% | 41.43% | 39.22% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $453,960K ÷ $1,132,460K
= 40.09%
The return on equity (ROE) for Texas Pacific Land Trust has shown fluctuating trends over the past few years.
From September 2021 to June 2022, there was a steady increase in ROE, reaching a peak of 59.03% in September 2022. This significant growth indicates that the company was effectively generating profits relative to shareholders' equity during this period.
However, from September 2022 to December 2024, the ROE started to decline gradually, dropping to 40.09% by the end of December 2024. This decrease suggests a potential decrease in the efficiency of utilizing equity to generate profits.
Overall, the ROE of Texas Pacific Land Trust has experienced periods of growth and decline, reflecting fluctuations in the company's profitability relative to its shareholders' equity. It is essential for investors and stakeholders to closely monitor these trends to assess the company's financial performance and efficiency in generating returns for shareholders.
See also:
Texas Pacific Land Trust Return on Equity (ROE) (Quarterly Data)