Vishay Intertechnology Inc (VSH)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 323,820 | 428,810 | 297,970 | 122,923 | 163,936 |
| Total stockholders’ equity | US$ in thousands | 2,196,080 | 2,046,250 | 1,743,750 | 1,576,220 | 1,485,150 |
| ROE | 14.75% | 20.96% | 17.09% | 7.80% | 11.04% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $323,820K ÷ $2,196,080K
= 14.75%
Vishay Intertechnology, Inc.'s return on equity (ROE) has exhibited fluctuations over the past five years. The ROE decreased from 11.04% in 2019 to 7.80% in 2020, reflecting a decline in the company's profitability and efficiency in generating returns for shareholders. However, there was a notable improvement in 2021 as the ROE increased to 17.09%, indicating a rebound in the company's performance.
In 2022, Vishay Intertechnology, Inc. experienced a further increase in ROE to 20.96%, reaching its highest level in the past five years. This signifies enhanced profitability and efficient utilization of shareholder equity during the year. However, the ROE slightly declined in 2023 to 14.75%, indicating a reduction in the company's ability to generate returns on equity compared to the previous year.
Overall, Vishay Intertechnology, Inc.'s ROE performance has shown variability over the period under review, with fluctuations reflecting changes in the company's profitability and efficiency in managing its resources to create value for shareholders. Further analysis of the underlying factors driving these fluctuations would be necessary to gain a more nuanced understanding of the company's financial performance.
Peer comparison
Dec 31, 2023