WESCO International Inc (WCC)
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 | 765,500 | 842,471 | 848,671 | 876,271 | 860,371 | 808,913 | 688,909 | 587,404 | 465,382 | 317,951 | 279,033 | 125,332 | 100,561 | 133,677 | 117,494 | 215,464 | 223,426 | 228,461 | 230,815 | 225,291 |
| Total stockholders’ equity | US$ in thousands | 5,037,100 | 4,888,200 | 4,805,600 | 4,594,300 | 4,454,200 | 4,196,820 | 4,116,790 | 3,973,400 | 3,782,520 | 3,588,480 | 3,532,270 | 3,407,060 | 3,343,720 | 3,220,860 | 3,107,400 | 2,209,170 | 2,265,480 | 2,193,120 | 2,141,080 | 2,202,360 |
| ROE | 15.20% | 17.23% | 17.66% | 19.07% | 19.32% | 19.27% | 16.73% | 14.78% | 12.30% | 8.86% | 7.90% | 3.68% | 3.01% | 4.15% | 3.78% | 9.75% | 9.86% | 10.42% | 10.78% | 10.23% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $765,500K ÷ $5,037,100K
= 15.20%
Over the past eight quarters, Wesco International, Inc.'s return on equity (ROE) has displayed some fluctuations. The ROE ranged from a low of 13.34% in Q1 2022 to a high of 18.03% in Q4 2022. The trend shows a general increase from Q1 2022 to Q4 2022, indicating improving profitability and efficiency in generating returns from shareholders' equity.
However, there was a slight decline in ROE in the most recent quarter, Q4 2023, where it stood at 14.06%. This could be an indication of potential challenges or changes in the company's operations impacting its ability to generate profits relative to its equity base. Further analysis would be needed to understand the drivers behind these changes and assess the sustainability of Wesco International's return on equity performance.
Peer comparison
Dec 31, 2023