Smith AO Corporation (AOS)
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 | 533,600 | 561,200 | 576,500 | 577,300 | 556,600 | 299,200 | 273,600 | 242,800 | 235,700 | 495,400 | 517,200 | 509,200 | 487,100 | 467,500 | 441,300 | 390,900 | 344,900 | 316,200 | 298,100 | 332,400 |
| Total stockholders’ equity | US$ in thousands | 1,883,500 | 1,916,700 | 1,911,600 | 1,881,800 | 1,844,400 | 1,882,400 | 1,888,400 | 1,790,200 | 1,747,700 | 1,747,800 | 1,792,500 | 1,808,900 | 1,832,200 | 1,896,500 | 1,816,300 | 1,849,000 | 1,848,300 | 1,747,100 | 1,658,100 | 1,616,300 |
| ROE | 28.33% | 29.28% | 30.16% | 30.68% | 30.18% | 15.89% | 14.49% | 13.56% | 13.49% | 28.34% | 28.85% | 28.15% | 26.59% | 24.65% | 24.30% | 21.14% | 18.66% | 18.10% | 17.98% | 20.57% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $533,600K ÷ $1,883,500K
= 28.33%
The Return on Equity (ROE) of Smith AO Corporation has shown fluctuations over the reported periods. The ROE was relatively stable, ranging from 17.98% to 21.14%, in the first half of 2020. However, there was a noticeable improvement in the ROE in the second half of 2020 and throughout 2021, reaching levels above 24%. The trend continued positively in the first half of 2022, with ROE peaking at 28.85%.
However, starting in the second half of 2022, there was a significant decline in ROE, dropping to 13.49% by December 31, 2022. The performance slightly improved in the following quarters but did not reach the previously seen highs. By December 31, 2024, the ROE stood at 28.33%.
Overall, the ROE of Smith AO Corporation has displayed both periods of strong performance and periods of decline. It is essential to monitor future financial reports to assess whether the company can sustain or improve its return on equity levels.
Peer comparison
Dec 31, 2024