WESCO International Inc (WCC)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 765,500 | 860,500 | 465,382 | 100,560 | 223,426 |
| Total stockholders’ equity | US$ in thousands | 5,037,100 | 4,454,200 | 3,782,520 | 3,343,720 | 2,265,480 |
| ROE | 15.20% | 19.32% | 12.30% | 3.01% | 9.86% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $765,500K ÷ $5,037,100K
= 15.20%
Wesco International, Inc.'s return on equity (ROE) has shown fluctuations over the past five years. In 2023, the ROE stood at 14.06%, which represents a slight decrease from the previous year's 18.03%. Despite the decrease, Wesco International, Inc. still managed to generate a decent return for its shareholders relative to its equity.
In 2021, the ROE was 10.79%, showing an improvement compared to 2020, where the ROE was considerably lower at 2.11%. The substantial increase in ROE from 2020 to 2021 indicates that Wesco International, Inc. made significant progress in profitability and efficiency during that period.
Looking back further, in 2019, Wesco International, Inc. reported an ROE of 9.86%, which was higher than in 2021 but lower than in 2022. This suggests that Wesco International, Inc. has experienced variability in its return on equity over the past five years, with some years outperforming others.
Overall, the trend in Wesco International, Inc.'s ROE indicates some variability in profitability and efficiency over the past five years, with the company showing periods of improvement and slight declines. This information can be valuable for investors and stakeholders in assessing the company's performance and management of shareholder equity.
Peer comparison
Dec 31, 2023