Return on Equity (ROE)
since 2005
Calculation
Mosaic Co., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net earnings (loss) attributable to Mosaic1 | ÷ | Total Mosaic stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 15.38% | = | 100 | × | 1,630,600) | ÷ | 10,604,100) |
| Dec 31, 2020 | 6.95% | = | 100 | × | 666,100) | ÷ | 9,581,400) |
| Dec 31, 2019 | -11.62% | = | 100 | × | (1,067,400) | ÷ | 9,185,500) |
| Dec 31, 2018 | 4.52% | = | 100 | × | 470,000) | ÷ | 10,397,300) |
| Dec 31, 2017 | -1.11% | = | 100 | × | (107,200) | ÷ | 9,617,500) |
| Dec 31, 2016 | 3.11% | = | 100 | × | 297,800) | ÷ | 9,584,600) |
| Dec 31, 2015 | 10.50% | = | 100 | × | 1,000,400) | ÷ | 9,531,800) |
| Dec 31, 2014 | 9.61% | = | 100 | × | 1,028,600) | ÷ | 10,703,100) |
| May 31, 2013 | 14.07% | = | 100 | × | 1,888,700) | ÷ | 13,425,400) |
| May 31, 2012 | 16.11% | = | 100 | × | 1,930,200) | ÷ | 11,983,100) |
| May 31, 2011 | 21.60% | = | 100 | × | 2,514,600) | ÷ | 11,641,600) |
| May 31, 2010 | 9.48% | = | 100 | × | 827,100) | ÷ | 8,722,200) |
| May 31, 2009 | 27.67% | = | 100 | × | 2,350,200) | ÷ | 8,493,000) |
| May 31, 2008 | 30.94% | = | 100 | × | 2,082,800) | ÷ | 6,731,200) |
| May 31, 2007 | 10.03% | = | 100 | × | 419,700) | ÷ | 4,183,900) |
| May 31, 2006 | -3.44% | = | 100 | × | (121,400) | ÷ | 3,530,800) |
| May 31, 2005 | 5.22% | = | 100 | × | 167,600) | ÷ | 3,213,500) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
1 US$ in thousands
The financial performance from 2005 to 2021 is characterized by significant volatility in both net earnings and return on equity (ROE), reflecting a cyclical operational environment.
- Return on Equity Trends
- ROE exhibited extreme fluctuations, reaching a peak of 30.94% in 2008. Following this high, the ratio remained elevated at 27.67% in 2009 before experiencing a sharp decline to 9.48% in 2010. A secondary peak occurred in 2011 at 21.60%, followed by a gradual downward trend through 2014. The period between 2016 and 2019 was marked by significant instability, with ROE falling into negative territory twice, reaching a low of -11.62% in 2019. A strong recovery followed, with ROE ascending to 15.38% by 2021.
- Net Earnings Volatility
- Net earnings mirrored the volatility observed in ROE. Earnings peaked in 2009 at approximately $2.35 billion and remained strong through 2013. Conversely, net losses were recorded in 2006, 2017, and 2019, with the 2019 loss being the most severe at approximately $1.07 billion. The recovery period ended with a significant increase in earnings to $1.63 billion in 2021.
- Stockholders' Equity Evolution
- Total stockholders' equity showed a consistent upward trajectory from 2005, rising from $3.21 billion to a peak of $13.43 billion in 2013. After 2013, equity levels stabilized, fluctuating primarily between $9.19 billion and $10.70 billion through 2021. This indicates a period of aggressive capital accumulation during the first eight years, followed by a phase of relative stability in the capital base.
The correlation between net earnings and ROE is highly direct, particularly after 2014 when the equity base became more stable. Consequently, the fluctuations in ROE during the latter part of the period were driven almost exclusively by volatility in net income rather than changes in the equity structure.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
Mosaic Co., ROE, long-term trends, comparison to competitors
| Mosaic Co. | Linde plc | Sherwin-Williams Co. | |
|---|---|---|---|
| Dec 31, 2021 | 15.38% | 8.69% | 76.50% |
| Dec 31, 2020 | 6.95% | 5.29% | 56.23% |
| Dec 31, 2019 | -11.62% | 4.66% | 37.38% |
| Dec 31, 2018 | 4.52% | 8.49% | 29.72% |
| Dec 31, 2017 | -1.11% | 20.72% | 48.00% |
| Dec 31, 2016 | 3.11% | 29.87% | 60.30% |
| Dec 31, 2015 | 10.50% | 35.25% | 121.42% |
| Dec 31, 2014 | 9.61% | 30.13% | 86.90% |
| May 31, 2013 | 14.07% | 26.55% | 42.41% |
| May 31, 2012 | 16.11% | 27.90% | 35.22% |
| May 31, 2011 | 21.60% | 30.47% | 29.13% |
| May 31, 2010 | 9.48% | 20.63% | 28.74% |
| May 31, 2009 | 27.67% | 23.59% | 29.23% |
| May 31, 2008 | 30.94% | 30.21% | 29.70% |
| May 31, 2007 | 10.03% | 22.89% | 34.47% |
| May 31, 2006 | -3.44% | 21.70% | 28.91% |
| May 31, 2005 | 5.22% | 18.61% | 26.77% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Sector (Chemicals)
Mosaic Co., ROE, long-term trends, comparison to sector (chemicals)
| Mosaic Co. | Chemicals | |
|---|---|---|
| Dec 31, 2021 | 15.38% | 12.24% |
| Dec 31, 2020 | 6.95% | 8.90% |
| Dec 31, 2019 | -11.62% | 7.19% |
| Dec 31, 2018 | 4.52% | 9.92% |
| Dec 31, 2017 | -1.11% | 31.09% |
| Dec 31, 2016 | 3.11% | 38.16% |
| Dec 31, 2015 | 10.50% | 49.47% |
| Dec 31, 2014 | 9.61% | 38.67% |
| May 31, 2013 | 14.07% | 29.91% |
| May 31, 2012 | 16.11% | 29.57% |
| May 31, 2011 | 21.60% | 30.18% |
| May 31, 2010 | 9.48% | 22.39% |
| May 31, 2009 | 27.67% | 24.83% |
| May 31, 2008 | 30.94% | 30.06% |
| May 31, 2007 | 10.03% | 25.88% |
| May 31, 2006 | -3.44% | 23.89% |
| May 31, 2005 | 5.22% | 21.11% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Industry (Materials)
Mosaic Co., ROE, long-term trends, comparison to industry (materials)
| Mosaic Co. | Materials | |
|---|---|---|
| Dec 31, 2021 | 15.38% | 16.54% |
| Dec 31, 2020 | 6.95% | 8.40% |
| Dec 31, 2019 | -11.62% | 5.74% |
| Dec 31, 2018 | 4.52% | 12.42% |
| Dec 31, 2017 | -1.11% | 27.34% |
| Dec 31, 2016 | 3.11% | -11.75% |
| Dec 31, 2015 | 10.50% | -73.64% |
| Dec 31, 2014 | 9.61% | 5.03% |
| May 31, 2013 | 14.07% | 17.62% |
| May 31, 2012 | 16.11% | 21.12% |
| May 31, 2011 | 21.60% | 29.47% |
| May 31, 2010 | 9.48% | 30.11% |
| May 31, 2009 | 27.67% | 27.87% |
| May 31, 2008 | 30.94% | -82.36% |
| May 31, 2007 | 10.03% | 18.96% |
| May 31, 2006 | -3.44% | 33.59% |
| May 31, 2005 | 5.22% | 29.22% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).