AAON Inc (AAON)
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 | 177,623 | 169,472 | 148,867 | 119,131 | 100,376 | 67,664 | 55,772 | 60,441 | 58,758 | 71,464 | 76,343 | 73,532 | 79,009 | 77,390 | 71,220 | 66,807 | 53,711 | 49,402 | 49,626 | 47,932 |
| Total stockholders’ equity | US$ in thousands | 735,224 | 682,484 | 660,111 | 609,414 | 560,714 | 523,858 | 490,506 | 480,156 | 466,170 | 400,279 | 383,726 | 373,038 | 350,865 | 344,892 | 322,695 | 306,323 | 290,140 | 279,567 | 264,569 | 259,370 |
| ROE | 24.16% | 24.83% | 22.55% | 19.55% | 17.90% | 12.92% | 11.37% | 12.59% | 12.60% | 17.85% | 19.90% | 19.71% | 22.52% | 22.44% | 22.07% | 21.81% | 18.51% | 17.67% | 18.76% | 18.48% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $177,623K ÷ $735,224K
= 24.16%
AAON Inc.'s return on equity (ROE) has shown a positive trend over the past eight quarters. The company's ROE has steadily increased from 12.59% in Q1 2022 to 24.16% in Q4 2023. This indicates that AAON Inc. has been efficiently utilizing its equity to generate profits for its shareholders.
The upward trajectory of ROE suggests that the company's management is effectively deploying its resources to generate earnings. It is also a positive signal to investors, indicating that AAON Inc. is becoming more profitable and efficient over time.
Overall, the consistent improvement in AAON Inc.'s ROE reflects positively on the company's financial performance and operational efficiency. Shareholders may view this trend favorably as it demonstrates the company's ability to generate higher returns from the equity invested in the business.
Peer comparison
Dec 31, 2023