Allegheny Technologies Incorporated (ATI)
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 | 367,500 | 298,700 | 284,100 | 170,100 | 130,900 | 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 | 257,600 | 242,200 | 181,700 | 179,400 |
| Total stockholders’ equity | US$ in thousands | 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 | 2,090,100 | 2,168,000 | 2,026,400 | 1,934,200 |
| ROE | 26.77% | 24.11% | 23.79% | 15.51% | 12.52% | 2.97% | 1.55% | 0.09% | -5.57% | -208.61% | -259.66% | -331.66% | -301.78% | -22.79% | -13.48% | 12.63% | 12.32% | 11.17% | 8.97% | 9.28% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $367,500K ÷ $1,373,000K
= 26.77%
The return on equity (ROE) for ATI Inc has shown a positive upward trend over the past eight quarters, reflecting improved profitability and efficiency in utilizing shareholder equity. The ROE has steadily increased from 0.09% in Q1 2022 to 29.92% in Q4 2023, indicating significant growth in the company's ability to generate profits from shareholders' investments.
Furthermore, the ROE figures demonstrate a consistent improvement in the company's performance, with each quarter showing higher returns compared to the previous one. This suggests that ATI Inc has been successful in efficiently managing its resources and maximizing shareholder value over time. The substantial increase in ROE from 12.52% in Q4 2022 to 29.92% in Q4 2023 is particularly noteworthy, reflecting a strong and sustained improvement in the company's profitability.
Overall, the progressive increase in ROE for ATI Inc indicates positive financial health and effective utilization of resources, showcasing the company's ability to generate returns on the equity invested by its shareholders.