Tootsie Roll Industries Inc (TR)
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 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 86,827 | 11,380 | 12,918 | 12,004 | 27,147 | 105,429 | 97,624 | 94,887 | 75,937 | 70,625 | 68,781 | 66,586 | 65,326 | 60,246 | 60,186 | 57,780 | 12,029,013 | 12,028,616 | 12,033,797 | 12,037,965 |
| Total stockholders’ equity | US$ in thousands | 870,743 | 870,161 | 841,414 | 834,420 | 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 |
| ROE | 9.97% | 1.31% | 1.54% | 1.44% | 3.30% | 13.12% | 12.43% | 11.99% | 9.70% | 9.01% | 8.94% | 8.65% | 8.49% | 7.96% | 7.99% | 7.61% | 1,575.87% | 1,580.71% | 1,598.95% | 1,601.36% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $86,827K ÷ $870,743K
= 9.97%
Tootsie Roll Industries Inc's return on equity (ROE) has shown significant fluctuation over the past few years. From March 31, 2020, to December 31, 2021, ROE remained exceptionally high, ranging between 1,575.87% to 1,601.36%. However, starting from March 31, 2021, there was a sharp decline in ROE to single-digit percentages.
During the subsequent quarters, ROE continued to increase, reaching 13.12% by September 30, 2023, before dropping significantly to 3.30% by December 31, 2023. The ROE further decreased to 1.44% by March 31, 2024, before rebounding slightly to 1.54% by June 30, 2024.
The most recent data as of December 31, 2024, shows a notable improvement in ROE to 9.97%. It's important to note the volatility in the ROE figures, indicating potential shifts in the company's profitability and efficiency in generating returns for its equity holders. Further analysis and investigation into the factors driving these fluctuations would be necessary to gain a deeper understanding of Tootsie Roll Industries Inc's performance.
Peer comparison
Dec 31, 2024