United Rentals Inc (URI)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,424,000 | 2,105,000 | 1,386,000 | 890,000 | 1,174,000 |
| Total stockholders’ equity | US$ in thousands | 8,130,000 | 7,062,000 | 5,991,000 | 4,545,000 | 3,830,000 |
| ROE | 29.82% | 29.81% | 23.13% | 19.58% | 30.65% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $2,424,000K ÷ $8,130,000K
= 29.82%
United Rentals, Inc.'s return on equity (ROE) has shown variability over the past five years. In 2023, the ROE stood at 29.82%, reflecting a slight improvement from the previous year's 29.81%. This indicates that the company generated $0.2982 in net income for every dollar of shareholder equity, demonstrating consistent profitability. The ROE has generally been healthy, with 2021 and 2020 showing levels of 23.13% and 19.58% respectively. However, the ROE was highest in 2019 at 30.65%, suggesting that the company was particularly efficient in generating profits from shareholder investments. Overall, United Rentals, Inc. has exhibited strong performance in utilizing its equity to generate returns for shareholders, although there has been some fluctuation in this metric over the years.
Peer comparison
Dec 31, 2023