AGCO Corporation (AGCO)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -424,800 | 169,900 | 420,500 | 1,106,800 | 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 |
| Total stockholders’ equity | US$ in thousands | 3,742,800 | 4,148,800 | 4,053,800 | 4,755,100 | 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 |
| ROE | -11.35% | 4.10% | 10.37% | 23.28% | 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-424,800K ÷ $3,742,800K
= -11.35%
AGCO Corporation's return on equity (ROE) has shown some fluctuations over the period from March 31, 2020, to December 31, 2024.
The ROE started at a relatively low 4.72% in March 2020 and declined further to 2.01% by June 2020. However, there was a significant improvement in the performance, with ROE increasing to 14.33% by December 2020. The trend continued positively, reaching 26.26% by December 2021, indicating strong profitability relative to shareholder equity.
Subsequently, there was a slight decrease in ROE to 22.91% by December 2022, followed by a modest increase to 26.87% by June 2023. The ROE then maintained levels above 25% until December 2023, indicating a sustained period of solid returns generated on the shareholders' equity.
However, there was a significant decrease in ROE to 10.37% by June 30, 2024, followed by a notable decline to 4.10% by September 30, 2024. The ROE turned negative by December 31, 2024, standing at -11.35%, signaling a period where the company's net income was not sufficient to cover the shareholder equity.
Overall, AGCO Corporation's ROE performance has been volatile, experiencing periods of strong profitability and returns followed by a decline in the later period, underscoring the importance of monitoring financial performance consistently to assess the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2024