Axalta Coating Systems Ltd (AXTA)
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 | 267,400 | 237,900 | 227,400 | 210,600 | 191,600 | 201,200 | 207,900 | 290,200 | 263,900 | 280,400 | 293,800 | 84,600 | 121,600 | 93,600 | 76,600 | 257,800 | 249,000 | 282,700 | 204,100 | 180,600 |
| Total stockholders’ equity | US$ in thousands | 1,727,300 | 1,604,100 | 1,644,200 | 1,570,100 | 1,453,500 | 1,273,300 | 1,326,200 | 1,375,400 | 1,492,900 | 1,440,800 | 1,488,300 | 1,359,400 | 1,433,000 | 1,339,700 | 1,213,100 | 1,291,000 | 1,354,200 | 1,285,700 | 1,252,500 | 1,206,200 |
| ROE | 15.48% | 14.83% | 13.83% | 13.41% | 13.18% | 15.80% | 15.68% | 21.10% | 17.68% | 19.46% | 19.74% | 6.22% | 8.49% | 6.99% | 6.31% | 19.97% | 18.39% | 21.99% | 16.30% | 14.97% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $267,400K ÷ $1,727,300K
= 15.48%
The return on equity (ROE) of Axalta Coating Systems Ltd over the past eight quarters has shown varying trends. In Q1 2022, the ROE was relatively high at 21.10%, but since then, it has fluctuated within a range of 13.41% to 15.80%. The ROE for Q4 2023 stood at 15.48%, indicating a moderate return on equity for the company.
Overall, Axalta Coating Systems Ltd has maintained a relatively stable ROE performance over the past quarters, with slight fluctuations. This suggests that the company is effectively utilizing shareholder equity to generate profits, albeit with some variability in profitability levels. Monitoring future ROE trends will be important to assess the company's ability to generate returns for its shareholders consistently.
Peer comparison
Dec 31, 2023