AGCO Corporation (AGCO)
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 | 1,171,400 | 1,154,600 | 1,111,900 | 970,400 | 889,600 | 849,500 | 792,900 | 898,000 | 897,000 | 750,300 | 726,300 | 513,200 | 427,100 | 203,400 | 53,700 | 124,800 | 125,200 | 312,200 | 375,700 | 326,300 |
| Total stockholders’ equity | US$ in thousands | 4,656,700 | 4,355,500 | 4,138,800 | 4,132,700 | 3,882,400 | 3,520,400 | 3,383,200 | 3,674,800 | 3,415,900 | 3,168,800 | 3,138,300 | 3,086,500 | 2,980,000 | 2,809,700 | 2,676,100 | 2,642,100 | 2,853,800 | 2,976,600 | 3,064,700 | 2,955,700 |
| ROE | 25.16% | 26.51% | 26.87% | 23.48% | 22.91% | 24.13% | 23.44% | 24.44% | 26.26% | 23.68% | 23.14% | 16.63% | 14.33% | 7.24% | 2.01% | 4.72% | 4.39% | 10.49% | 12.26% | 11.04% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,171,400K ÷ $4,656,700K
= 25.16%
AGCO Corp.'s return on equity (ROE) has shown a generally positive trend over the past eight quarters, with fluctuations in each period. The ROE ranged from a low of 22.91% in Q4 2022 to a high of 26.87% in Q2 2023, indicating variations in the company's profitability and efficiency in generating returns for shareholders. Despite some fluctuations, the ROE remained relatively stable, with an average ROE of approximately 24.67% over the eight quarters analyzed. This suggests that AGCO Corp. has been effectively utilizing its equity to generate profits and create value for its shareholders during the period under review.
Peer comparison
Dec 31, 2023