Air Products and Chemicals Inc (APD)
Return on equity (ROE)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,828,200 | 2,570,900 | 2,469,900 | 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 |
| Total stockholders’ equity | US$ in thousands | 17,036,500 | 15,101,300 | 14,913,400 | 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 |
| ROE | 22.47% | 17.02% | 16.56% | 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% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $3,828,200K ÷ $17,036,500K
= 22.47%
Air Products and Chemicals Inc's return on equity (ROE) has exhibited a generally positive trend over the past two years. The ROE has shown a consistent improvement from 14.93% in March 2021 to 22.47% in September 2024. This increase indicates that the company has been effectively generating profits from the equity invested by shareholders.
It is notable that the ROE has consistently remained above 15% since December 2021, reflecting the company's ability to efficiently utilize shareholders' equity to generate returns. This trend suggests that Air Products and Chemicals Inc has been successful in managing its operations and assets to maximize profitability.
The consecutive increase in ROE from 2020 to 2024 indicates improving financial performance and efficiency in utilizing shareholder equity. Investors and stakeholders may view this positive trend favorably, as higher ROE typically signifies a company's ability to generate more profit with less equity investment.
Overall, based on the upward trend in ROE over the past few years, Air Products and Chemicals Inc appears to be performing well in terms of generating returns for its shareholders and efficiently managing the resources at its disposal.
Peer comparison
Sep 30, 2024
See also:
Air Products and Chemicals Inc Return on Equity (ROE) (Quarterly Data)