Ufp Industries Inc (UFPI)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 514,312 | 692,651 | 535,640 | 246,778 | 179,650 |
| Total stockholders’ equity | US$ in thousands | 2,999,760 | 2,563,980 | 1,978,610 | 1,460,320 | 1,243,720 |
| ROE | 17.15% | 27.01% | 27.07% | 16.90% | 14.44% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $514,312K ÷ $2,999,760K
= 17.15%
The return on equity (ROE) of Ufp Industries Inc has shown fluctuations over the past five years. In 2023, the ROE decreased to 17.15% from 27.01% in 2022 and 27.07% in 2021. This decline in ROE may indicate a decrease in the company's profitability relative to its equity. However, the ROE in 2023 is still higher than the levels seen in 2020 (16.90%) and 2019 (14.44%).
Overall, the trend in Ufp Industries Inc's ROE indicates variability in the company's ability to generate profits from its shareholders' equity. It would be beneficial to further analyze the company's financial performance and factors affecting its ROE to better understand the underlying reasons for these fluctuations.