Carrier Global Corp (CARR)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,349,000 | 1,199,000 | 2,154,000 | 2,528,000 | 3,534,000 | 3,588,000 | 2,745,000 | 2,659,000 | 1,664,000 | 2,585,000 | 2,857,000 | 2,631,000 | 2,343,000 | |||
| Total stockholders’ equity | US$ in thousands | 9,005,000 | 8,502,000 | 8,288,000 | 8,468,000 | 8,076,000 | 7,463,000 | 6,992,000 | 7,430,000 | 7,094,000 | 7,222,000 | 7,120,000 | 6,818,000 | 6,578,000 | 5,437,000 | 4,366,000 | 2,697,000 |
| ROE | 14.98% | 14.10% | 25.99% | 29.85% | 43.76% | 48.08% | 39.26% | 35.79% | 23.46% | 35.79% | 40.13% | 38.59% | 35.62% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,349,000K ÷ $9,005,000K
= 14.98%
The return on equity (ROE) of Carrier Global Corp has shown fluctuations over the past eight quarters. The trend indicates a general decline in ROE from the highest value of 50.17% in Q3 2022 to the lowest value of 14.65% in Q3 2023. The most recent ROE of 15.55% in Q4 2023 is slightly higher than the previous quarter but remains significantly lower compared to historical levels.
The declining trend in ROE could be a concern for shareholders as it suggests a decrease in the company's ability to generate profits from shareholders' equity. It is important for investors to monitor the factors contributing to this trend, such as changes in profitability, asset utilization, or leverage. Additional analysis of the underlying financial performance and operational efficiency of Carrier Global Corp is recommended to understand the drivers behind the fluctuations in ROE and assess the company's overall financial health.
Peer comparison
Dec 31, 2023