American Axle & Manufacturing (AXL)

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	-33,600	-600	43,300	58,200	64,300	4,100	-24,800	-31,700	5,900	88,200	207,800	-21,400	-561,300	-1,051,700	-1,293,100	-1,027,400	-484,500	-391,900	-203,900	-105,300
Total stockholders’ equity	US$ in thousands	604,900	613,700	644,800	621,700	627,300	486,500	469,200	484,500	457,800	432,800	441,300	401,300	370,500	340,900	196,200	389,800	977,600	1,406,800	1,569,500	1,521,300
ROE		-5.55%	-0.10%	6.72%	9.36%	10.25%	0.84%	-5.29%	-6.54%	1.29%	20.38%	47.09%	-5.33%	-151.50%	-308.51%	-659.07%	-263.57%	-49.56%	-27.86%	-12.99%	-6.92%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-33,600K ÷ $604,900K
= -5.55%

American Axle & Manufacturing Holdings Inc's return on equity (ROE) has shown significant variability over the past eight quarters, ranging from negative figures to positive single-digit percentages. In the most recent quarter, Q4 2023, the ROE was -5.55%, continuing the trend of negative returns from the previous quarter. This suggests that the company's net income generated from shareholders' equity was not favorable during this period.

Although the ROE improved slightly in Q3 2023 to -0.21%, indicating a reduced negative return compared to Q4 2023, it remained in the negative territory. The performance in Q2 2023 marked a turnaround with a positive ROE of 6.44%, signaling that the company was able to generate a profit relative to shareholders' equity, which was further increased to 8.93% in Q1 2023.

Looking back at Q4 2022 and Q3 2022, American Axle & Manufacturing Holdings Inc experienced positive ROE figures of 9.82% and 0.82%, respectively. However, this positive trend was preceded by negative returns in Q2 2022 (-5.07%) and Q1 2022 (-6.25%).

Overall, the fluctuating ROE of American Axle & Manufacturing Holdings Inc indicates varying levels of profitability and efficiency in utilizing shareholders' equity over the past eight quarters. Investors and stakeholders may need to closely monitor the company's financial performance and business strategies to assess its ability to generate sustainable returns in the future.