Ufp Industries Inc (UFPI)
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 | 514,312 | 543,454 | 576,660 | 629,017 | 692,651 | 697,968 | 651,768 | 622,032 | 535,640 | 460,686 | 416,849 | 309,930 | 246,778 | 221,562 | 196,217 | 184,269 | 179,650 | 172,416 | 161,776 | 151,305 |
| Total stockholders’ equity | US$ in thousands | 2,999,760 | 2,919,380 | 2,803,380 | 2,675,780 | 2,563,980 | 2,437,080 | 2,280,150 | 2,177,890 | 1,978,610 | 1,850,770 | 1,736,530 | 1,566,210 | 1,460,320 | 1,397,590 | 1,324,400 | 1,260,710 | 1,243,720 | 1,215,460 | 1,167,380 | 1,122,900 |
| ROE | 17.15% | 18.62% | 20.57% | 23.51% | 27.01% | 28.64% | 28.58% | 28.56% | 27.07% | 24.89% | 24.00% | 19.79% | 16.90% | 15.85% | 14.82% | 14.62% | 14.44% | 14.19% | 13.86% | 13.47% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $514,312K ÷ $2,999,760K
= 17.15%
The return on equity (ROE) for Ufp Industries Inc has shown fluctuations over the given periods, ranging from 13.47% to 28.64%. The ROE indicates the company's ability to generate profit from shareholders' equity.
The trend of ROE over the periods reflects a general increase from 13.47% in Mar 2019 to a peak of 28.64% in Sep 2022, illustrating improvement in profitability and efficiency in utilizing equity resources during this time frame. However, there was a slight decline in ROE from 28.64% in Sep 2022 to 17.15% in Dec 2023.
The variations in ROE can be attributed to factors such as changes in net income, asset utilization, financial leverage, and equity levels within the company. Investors and stakeholders may further investigate the reasons behind the fluctuations to assess the company's financial performance and management effectiveness in generating returns for shareholders.