Crane Company (CR)
Return on equity (ROE)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 212,000 | |||
| Total stockholders’ equity | US$ in thousands | 1,357,800 | 1,284,100 | 1,235,200 | 1,560,400 |
| ROE | 15.61% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $212,000K ÷ $1,357,800K
= 15.61%
The return on equity (ROE) for Crane Company as of December 31, 2023, is 15.61%. ROE is a profitability ratio that measures the company's ability to generate profit from its shareholders' equity.
A ROE of 15.61% indicates that for every dollar of shareholders' equity invested in the company, Crane Company generated a profit of 15.61 cents. This suggests that the company is effectively utilizing its equity to generate returns for its shareholders.
It is important to note that ROE can be influenced by various factors such as the company's profit margins, asset turnover, and financial leverage. A consistent or improving ROE over multiple periods is generally a positive sign of the company's financial health and efficiency in generating profits with the shareholders' equity.
Overall, a ROE of 15.61% for Crane Company as of December 31, 2023, demonstrates a reasonable profitability level and efficiency in utilizing shareholders' equity to generate returns.
Peer comparison
Dec 31, 2023