Applied Industrial Technologies (AIT)
Return on equity (ROE)
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 385,762 | 374,486 | 374,456 | 363,685 | 346,739 | 333,637 | 304,756 | 281,325 | 257,414 | 237,545 | 225,302 | 162,942 | 144,757 | 115,502 | -23,338 | 20,027 | 24,042 | 33,856 | 133,168 | 133,854 |
| Total stockholders’ equity | US$ in thousands | 1,688,780 | 1,669,020 | 1,608,030 | 1,536,120 | 1,458,440 | 1,380,660 | 1,295,880 | 1,221,440 | 1,149,360 | 1,098,390 | 1,021,690 | 976,570 | 932,546 | 934,907 | 880,707 | 885,406 | 843,542 | 830,560 | 962,241 | 927,225 |
| ROE | 22.84% | 22.44% | 23.29% | 23.68% | 23.77% | 24.17% | 23.52% | 23.03% | 22.40% | 21.63% | 22.05% | 16.69% | 15.52% | 12.35% | -2.65% | 2.26% | 2.85% | 4.08% | 13.84% | 14.44% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $385,762K ÷ $1,688,780K
= 22.84%
The return on equity (ROE) for Applied Industrial Technologies has shown fluctuation over the past few quarters. The ROE stood at 22.84% as of Jun 30, 2024, showing a slight increase compared to the previous quarter. This indicates that the company generated a return of 22.84% on the shareholders' equity for the most recent period.
Looking further back, the ROE has been relatively stable around the low 20% range for the last few quarters. This level of ROE suggests that Applied Industrial Technologies has been effectively utilizing its equity to generate profits for shareholders.
However, it is worth noting that there were significant fluctuations in ROE in the past, notably a dip to -2.65% as of Dec 31, 2020, and a subsequent increase thereafter. These fluctuations may indicate periods of volatility or challenges in the company's financial performance.
Overall, the recent ROE figures suggest that Applied Industrial Technologies has been able to maintain a relatively strong return on equity, although investors may want to further investigate the factors contributing to the fluctuations in previous quarters to assess the company's long-term sustainability and profitability.