Ametek Inc (AME)

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	1,313,188	1,277,405	1,234,676	1,192,807	1,159,542	1,134,142	1,093,961	1,043,267	990,053	929,397	876,518	811,056	872,439	872,191	888,359	937,645	861,297	852,040	822,504	800,861
Total stockholders’ equity	US$ in thousands	8,730,190	8,342,510	8,081,370	7,757,120	7,476,510	7,132,670	6,950,090	6,931,690	6,871,880	6,558,400	6,343,300	6,120,750	5,949,350	5,704,190	5,486,440	5,326,000	5,115,490	4,865,960	4,666,780	4,456,620
ROE		15.04%	15.31%	15.28%	15.38%	15.51%	15.90%	15.74%	15.05%	14.41%	14.17%	13.82%	13.25%	14.66%	15.29%	16.19%	17.61%	16.84%	17.51%	17.62%	17.97%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,313,188K ÷ $8,730,190K
= 15.04%

Ametek Inc has maintained a relatively stable return on equity (ROE) over the past eight quarters, ranging between 15.04% and 15.90%. This indicates that the company has been consistently generating profits from the shareholders' equity invested in the business. The slight fluctuations in ROE suggest that the company's profitability and efficiency in utilizing shareholders' funds have been relatively steady over the period analyzed. Overall, a consistent ROE around the 15% mark demonstrates that Ametek Inc has been effectively leveraging its equity to generate returns for its shareholders.