UGI Corporation (UGI)
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 | -454,000 | -1,502,000 | -1,389,000 | -607,000 | 216,000 | 1,073,000 | 1,354,000 | 1,511,000 | 1,067,000 | 1,467,000 | 951,000 | 886,000 | 623,000 | 532,000 | 471,000 | 384,000 | 404,000 | 256,000 | 332,400 | 386,800 |
| Total stockholders’ equity | US$ in thousands | 4,423,000 | 4,386,000 | 4,364,000 | 5,205,000 | 5,180,000 | 6,066,000 | 5,996,000 | 6,200,000 | 5,349,000 | 5,522,000 | 5,097,000 | 4,819,000 | 4,437,000 | 4,128,000 | 4,126,000 | 4,081,000 | 3,996,000 | 3,817,000 | 3,820,900 | 3,853,000 |
| ROE | -10.26% | -34.25% | -31.83% | -11.66% | 4.17% | 17.69% | 22.58% | 24.37% | 19.95% | 26.57% | 18.66% | 18.39% | 14.04% | 12.89% | 11.42% | 9.41% | 10.11% | 6.71% | 8.70% | 10.04% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-454,000K ÷ $4,423,000K
= -10.26%
The return on equity (ROE) for UGI Corp. has been fluctuating over the past eight quarters, indicating potential volatility in the company's profitability and efficiency in generating returns for its shareholders. The ROE worsened from 24.37% in Q2 2022 to -10.26% in Q1 2024, suggesting a significant decline in the company's ability to generate profits relative to shareholders' equity over this period.
The negative ROE figures in Q1 2024, Q4 2023, and Q3 2023 raise concerns about UGI Corp.'s financial performance and efficiency in utilizing shareholder funds to generate profits. These negative ROE values indicate that the company is operating at a loss or facing challenges in generating sufficient profits to cover its equity investments.
The positive ROE figures in Q4 2022 and Q3 2022 indicate that the company was able to generate profits with shareholder funds during these periods. However, the declining trend from 22.58% in Q3 2022 to -10.26% in Q1 2024 suggests potential challenges or inefficiencies affecting UGI Corp.'s profitability and return on equity.
Overall, the fluctuating ROE figures for UGI Corp. highlight the importance of closely monitoring the company's financial performance and the factors influencing its profitability and efficiency in utilizing shareholders' equity. Further analysis and investigation may be needed to identify the underlying reasons for the volatility in ROE and implement corrective measures to improve the company's financial health and shareholder value.
Peer comparison
Dec 31, 2023