Tootsie Roll Industries Inc (TR)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 86,827 | 91,912 | 75,937 | 65,326 | 58,995 |
| Total stockholders’ equity | US$ in thousands | 870,743 | 823,422 | 783,171 | 769,042 | 763,327 |
| ROE | 9.97% | 11.16% | 9.70% | 8.49% | 7.73% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $86,827K ÷ $870,743K
= 9.97%
Tootsie Roll Industries Inc's Return on Equity (ROE) has shown a positive trend over the years based on the provided data. The ROE increased from 7.73% as of December 31, 2020, to 8.49% by December 31, 2021, indicating an improvement in the company's ability to generate profit from its shareholder equity.
Further, the ROE continued to rise to 9.70% by December 31, 2022, and then to 11.16% by December 31, 2023, demonstrating a consistent upward trajectory in the company's profitability relative to its equity levels.
However, there was a slight decrease in the ROE to 9.97% by December 31, 2024, possibly suggesting a temporary dip in the company's profitability compared to the immediate prior year.
Overall, Tootsie Roll Industries Inc's ROE performance reflects a generally positive trend, indicating its efficient utilization of shareholder equity to generate returns for investors, although fluctuations in the ratio should be closely monitored for any potential underlying reasons.
Peer comparison
Dec 31, 2024