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 data reveals several notable trends over the analyzed periods. Net earnings attributable to the company exhibit significant fluctuations, with periods of both strong profitability and losses. Initially, net earnings showed a loss in 2006 but recovered with substantial growth in 2007 and peaked notably in 2008 and 2009. Following this peak, earnings declined sharply in 2010 but then experienced another increase, reaching a high point around 2011. From 2012 onwards, earnings were somewhat volatile, with declines and losses occurring intermittently, such as in 2017 and 2019, before returning to positive territory in subsequent years. The latest data from 2021 indicates a strong recovery in net earnings.
Total stockholders’ equity has generally demonstrated a steady upward trend across the entire period. Starting from a lower base in 2005, equity increased consistently through to around 2013, indicating growth in the company's net asset base. Despite some fluctuations and reductions, particularly after 2013, equity remained relatively stable and showed a modest increase towards the end of the time frame, suggesting ongoing capital accumulation or retained earnings contributing to equity.
Return on equity (ROE) exhibited a pattern that corresponds with net earnings trends but with notable volatility. The ROE started at a moderate positive level, dropped into negative territory in 2006, then surged to peak values in 2008 and 2009 reflecting high profitability relative to equity. After 2009, ROE values generally declined but remained positive until 2017, when the ratio turned negative again, paralleling losses in net earnings. Subsequent ROE values indicate recovery phases, although with less pronounced peaks than during the mid-2000s. The ROE value for 2021 suggests improved efficiency in generating earnings from equity compared to prior recent years.
Overall, the company experienced considerable volatility in earnings performance with cycles of gains and losses. Despite this, the growth in stockholders’ equity suggests a solid capital base capable of supporting ongoing operations and potential expansions. The variability in ROE aligns with earnings volatility but the recent upward trend could signal a return to more consistent profitability and efficient use of equity resources.
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).