Air Products and Chemicals Inc (APD)

Return on equity (ROE)

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Net income	US$ in thousands	3,828,200	2,300,200	2,256,100	2,099,100	1,886,700
Total stockholders’ equity	US$ in thousands	17,036,500	14,312,900	13,144,000	13,539,700	12,079,800
ROE		22.47%	16.07%	17.16%	15.50%	15.62%

September 30, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $3,828,200K ÷ $17,036,500K
= 22.47%

Air Products and Chemicals Inc has shown a consistent improvement in its return on equity (ROE) over the past five years. ROE increased from 15.62% in 2020 to 22.47% in 2024, indicating that the company has been able to generate more profit with the shareholders' equity in recent years. This upward trend suggests that the company is becoming more efficient in using its equity to generate earnings for investors. The ROE of 22.47% in 2024 is notably higher than the previous years, reflecting improved profitability and shareholder value creation. Overall, Air Products and Chemicals Inc has demonstrated strong performance in terms of ROE, showcasing its ability to generate returns for its shareholders.