Allegheny Technologies Incorporated (ATI)
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 | 367,800 | 376,400 | 369,400 | 377,900 | 396,300 | 520,100 | 505,500 | 377,100 | 323,500 | 24,200 | 11,800 | 600 | -38,200 | -1,129,400 | -1,228,200 | -1,601,600 | -1,572,600 | -395,100 | -234,000 | 263,700 |
| Total stockholders’ equity | US$ in thousands | 1,850,400 | 1,791,400 | 1,355,200 | 1,263,600 | 1,373,000 | 1,238,900 | 1,194,000 | 1,096,500 | 1,045,900 | 813,500 | 762,900 | 658,700 | 685,600 | 541,400 | 473,000 | 482,900 | 521,100 | 1,733,700 | 1,735,300 | 2,087,800 |
| ROE | 19.88% | 21.01% | 27.26% | 29.91% | 28.86% | 41.98% | 42.34% | 34.39% | 30.93% | 2.97% | 1.55% | 0.09% | -5.57% | -208.61% | -259.66% | -331.66% | -301.78% | -22.79% | -13.48% | 12.63% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $367,800K ÷ $1,850,400K
= 19.88%
From the data provided, Allegheny Technologies Incorporated experienced fluctuations in its return on equity (ROE) over the past few years. The ROE was negative in several quarters from June 30, 2020, to March 31, 2022. This suggests that during this period, the company's net income was not sufficient to generate a positive return for its shareholders based on the equity invested.
However, starting from December 31, 2022, the ROE turned positive and showed a significant improvement, reaching 42.34% by June 30, 2023. This indicates that the company was able to generate higher profits in relation to its shareholders' equity, reflecting stronger financial performance and efficiency in managing its assets.
The upward trend in ROE continued until September 30, 2024, with values ranging between 19.88% and 42.34%. This indicates that Allegheny Technologies Incorporated was able to maintain a relatively healthy return on equity during this period, demonstrating effective utilization of shareholder funds to generate profits.
Overall, the recent positive trend in ROE suggests that Allegheny Technologies Incorporated has made improvements in its operational performance and financial management, resulting in a better return for its shareholders compared to the negative ROE observed in the previous quarters.