Tootsie Roll Industries Inc (TR)
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 | 91,912 | 87,853 | 80,048 | 77,311 | 75,937 | 70,625 | 68,781 | 66,586 | 65,326 | 60,246 | 60,186 | 57,780 | 58,995 | 58,598 | 63,779 | 67,947 | 64,920 | 62,540 | 58,790 | 57,723 |
| Total stockholders’ equity | US$ in thousands | 823,422 | 803,874 | 785,376 | 791,691 | 783,171 | 783,601 | 769,276 | 769,759 | 769,042 | 756,762 | 752,819 | 758,816 | 763,327 | 760,965 | 752,608 | 751,732 | 759,854 | 758,329 | 742,804 | 744,828 |
| ROE | 11.16% | 10.93% | 10.19% | 9.77% | 9.70% | 9.01% | 8.94% | 8.65% | 8.49% | 7.96% | 7.99% | 7.61% | 7.73% | 7.70% | 8.47% | 9.04% | 8.54% | 8.25% | 7.91% | 7.75% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $91,912K ÷ $823,422K
= 11.16%
Tootsie Roll Industries, Inc. has shown a consistent improvement in its return on equity (ROE) over the past eight quarters. The ROE has steadily increased from 8.65% in Q1 2022 to 11.16% in Q4 2023, indicating that the company's profitability in generating profit from shareholder equity has been on an upward trend.
This improvement in ROE reflects the company's ability to efficiently utilize shareholder equity to generate profits. A higher ROE suggests that the company is effectively using its resources to generate earnings, which is usually perceived positively by investors.
Overall, the increasing trend in ROE for Tootsie Roll Industries, Inc. demonstrates the company's improving financial performance and efficiency in generating returns for its shareholders.
Peer comparison
Dec 31, 2023