Air Products and Chemicals Inc (APD)
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 | 2,337,300 | 2,300,200 | 2,190,700 | 2,177,200 | 2,267,900 | 2,256,100 | 2,283,400 | 2,234,900 | 2,177,500 | 2,099,100 | 1,975,500 | 1,888,400 | 1,893,100 | 1,886,700 | 1,903,100 | 1,944,600 | 1,888,100 | 1,760,000 | 1,709,700 | 1,695,600 |
| Total stockholders’ equity | US$ in thousands | 14,873,000 | 14,312,900 | 14,138,000 | 14,058,300 | 13,935,700 | 13,144,000 | 13,643,900 | 13,955,100 | 13,825,100 | 13,539,700 | 13,082,900 | 12,726,200 | 12,683,600 | 12,079,800 | 11,659,300 | 11,371,900 | 11,556,000 | 11,053,600 | 11,386,100 | 11,165,700 |
| ROE | 15.72% | 16.07% | 15.50% | 15.49% | 16.27% | 17.16% | 16.74% | 16.01% | 15.75% | 15.50% | 15.10% | 14.84% | 14.93% | 15.62% | 16.32% | 17.10% | 16.34% | 15.92% | 15.02% | 15.19% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,337,300K ÷ $14,873,000K
= 15.72%
To analyze Air Products & Chemicals Inc.'s return on equity (ROE) based on the provided data, we observe fluctuations in the ROE over the past eight quarters.
The ROE of Air Products & Chemicals Inc. has varied between 15.49% and 17.16% during the period from Q2 2022 to Q1 2024. The company's ROE peaked at 17.16% in Q4 2022 but has since experienced a slight decline. Overall, the ROE figures indicate a relatively stable performance in generating profits from shareholder equity over the past two years.
It is important to note that while the ROE provides insights into the company's profitability relative to shareholder investment, further analysis considering other financial metrics and external factors would be beneficial to gain a more comprehensive understanding of Air Products & Chemicals Inc.'s financial performance and strategy.
Peer comparison
Dec 31, 2023
See also:
Air Products and Chemicals Inc Return on Equity (ROE) (Quarterly Data)