Vector Group Ltd (VGR)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 183,526 | 158,701 | 219,463 | 92,938 | 100,974 |
| Total stockholders’ equity | US$ in thousands | -741,814 | -807,877 | -841,553 | -659,687 | -685,464 |
| ROE | — | — | — | — | — |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $183,526K ÷ $-741,814K
= —
To analyze Vector Group Ltd's return on equity (ROE) over the past five years, we would need the specific ROE values for each year. Unfortunately, the table provided does not include this data. ROE is a key financial ratio that measures a company's profitability by indicating how efficiently it is generating profits from its shareholders' equity. A higher ROE typically indicates a more efficient use of equity capital.
Without the specific ROE values for Vector Group Ltd for the years 2019 to 2023, it is challenging to provide a detailed analysis of the trend or performance of the company's ROE over this period. However, in practice, interpreting changes in ROE involves understanding the factors influencing profitability, such as revenue growth, cost management, leverage, and asset utilization. Additionally, comparing Vector Group Ltd's ROE to industry peers or historical performance can provide further insights into its financial health and operational efficiency.
Peer comparison
Dec 31, 2023