Adient PLC (ADNT)

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	213,000	205,000	115,000	12,000	-54,000	-120,000	795,000	754,000	904,000	1,108,000	112,000	-142,000	-230,000	-547,000	-515,000	-511,000	-641,000	-491,000	-1,842,000	-1,467,000
Total stockholders’ equity	US$ in thousands	2,285,000	2,228,000	2,174,000	2,197,000	2,192,000	2,073,000	2,123,000	2,285,000	2,344,000	2,376,000	1,467,000	1,489,000	1,452,000	1,213,000	1,250,000	1,541,000	1,743,000	1,848,000	1,919,000	2,257,000
ROE		9.32%	9.20%	5.29%	0.55%	-2.46%	-5.79%	37.45%	33.00%	38.57%	46.63%	7.63%	-9.54%	-15.84%	-45.09%	-41.20%	-33.16%	-36.78%	-26.57%	-95.99%	-65.00%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $213,000K ÷ $2,285,000K
= 9.32%

To analyze Adient plc's return on equity (ROE) trend, we observe fluctuations in ROE over the past eight quarters.

In Q2 2022, the ROE was a high 37.45%, which decreased slightly to 33.00% in Q3 2022. Subsequently, the ROE dropped significantly in Q4 2022 and Q1 2023 to -5.79% and -2.46% respectively. However, there was a positive turnaround in Q2 2023 with an ROE of 0.55%, followed by further improvement in Q3 2023 with an ROE of 5.29%. In Q4 2023, the ROE remained relatively stable at 9.20%, and in Q1 2024, it increased slightly to 9.32%.

The data suggests a volatile trend in Adient plc's ROE over the last eight quarters, with significant fluctuations. It is crucial for stakeholders to monitor the company's financial performance closely to understand the factors driving these fluctuations and assess the company's long-term profitability and financial health.