Carrier Global Corp (CARR)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 5,604,000 | 3,473,000 | 3,383,000 | 1,245,000 | 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 | 14,395,000 | 15,042,000 | 14,079,000 | 11,906,000 | 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 |
| ROE | 38.93% | 23.09% | 24.03% | 10.46% | 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, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $5,604,000K ÷ $14,395,000K
= 38.93%
The return on equity (ROE) of Carrier Global Corp has fluctuated over the periods provided. From December 31, 2020, to June 30, 2022, ROE showed a generally increasing trend, reaching a peak of 48.08% on September 30, 2022. This upward trend indicates that the company was effectively generating profits from the shareholders' equity during this period.
However, starting from December 31, 2022, the ROE began to decline, reaching as low as 10.46% on March 31, 2024. This decrease may suggest challenges in maintaining profitability relative to the shareholder investments. The subsequent increase in ROE to 38.93% by December 31, 2024, could indicate a potential recovery or improvement in the company's profitability.
It is essential to understand the factors influencing these fluctuations in ROE, such as changes in net income, shareholder equity, or financial leverage. Further analysis is required to determine the underlying reasons for the variations in ROE and to assess the company's overall financial performance and efficiency in utilizing shareholder funds.
Peer comparison
Dec 31, 2024