• Watsco average return on equity for 2023 was 21.85, a 9.26% decline from 2022.
• Watsco average return on equity for 2022 was 24.08, a 35.28% decline from 2021.
• Watsco average return on equity for 2021 was 17.8, a 33.53% increase from 2020.

Roe - return on equity can be defined as the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.