UFP Technologies Inc (UFPT)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 58,981 | 44,924 | 41,789 | 15,886 | 13,369 |
| Total stockholders’ equity | US$ in thousands | 342,760 | 286,091 | 237,545 | 194,446 | 176,893 |
| ROE | 17.21% | 15.70% | 17.59% | 8.17% | 7.56% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $58,981K ÷ $342,760K
= 17.21%
From 2020 to 2024, UFP Technologies Inc's Return on Equity (ROE) has displayed a positive trend, indicating an improvement in the company's efficiency in generating profits from shareholders' equity. The ROE increased from 7.56% in 2020 to 17.21% in 2024, showcasing a significant growth in profitability.
The upward trajectory in ROE suggests that the company has been effectively utilizing its equity capital to generate earnings. The substantial increase in ROE indicates that UFP Technologies Inc has been able to enhance its profitability and create value for its shareholders over the years.
Overall, the consistent improvement in ROE reflects positively on the financial performance and management efficiency of UFP Technologies Inc, indicating a favorable outlook for the company's future profitability and shareholder returns.
Peer comparison
Dec 31, 2024