Church & Dwight Company Inc (CHD)
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 | 755,600 | 437,200 | 446,800 | 412,700 | 413,900 | 736,700 | 780,000 | 811,200 | 827,500 | 819,600 | 805,400 | 776,800 | 785,900 | 780,100 | 721,200 | 670,000 | 615,900 | 614,300 | 603,300 | 586,500 |
| Total stockholders’ equity | US$ in thousands | 3,855,400 | 4,050,500 | 3,911,000 | 3,667,700 | 3,489,900 | 3,687,800 | 3,554,400 | 3,402,900 | 3,233,200 | 3,513,600 | 3,377,200 | 3,211,200 | 3,020,400 | 3,210,300 | 2,998,800 | 2,817,800 | 2,667,800 | 2,559,300 | 2,604,800 | 2,499,300 |
| ROE | 19.60% | 10.79% | 11.42% | 11.25% | 11.86% | 19.98% | 21.94% | 23.84% | 25.59% | 23.33% | 23.85% | 24.19% | 26.02% | 24.30% | 24.05% | 23.78% | 23.09% | 24.00% | 23.16% | 23.47% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $755,600K ÷ $3,855,400K
= 19.60%
Church & Dwight Co., Inc.'s return on equity (ROE) has shown some fluctuations over the past eight quarters. In Q4 2023, the ROE stood at 19.60%, showing a significant improvement from the previous quarter's 10.79%. However, this ROE is slightly lower compared to the ROE in Q4 2022, which was 11.86%.
The trend in ROE seems to have been declining since Q1 2022 when it reached a peak of 23.84%. From then on, there has been a gradual decrease in ROE, indicating potentially lower profitability or less efficient use of equity to generate earnings.
The variations in ROE could be attributed to changes in the company's financial leverage, asset management efficiency, or net profit margins. Further analysis would be needed to identify the specific factors driving these fluctuations in the ROE of Church & Dwight Co., Inc.
Peer comparison
Dec 31, 2023