Carpenter Technology Corporation (CRS)

Return on equity (ROE)

		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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Net income (ttm)	US$ in thousands	186,500	131,300	143,600	107,100	56,300	20,500	-5,600	-41,200	-49,100	-108,800	-141,800	-197,300	-229,600	-290,900	-210,500	-86,800	1,500	168,800	180,000	176,700
Total stockholders’ equity	US$ in thousands	1,628,800	1,502,600	1,473,800	1,429,300	1,396,100	1,327,200	1,321,100	1,306,800	1,330,500	1,347,100	1,333,100	1,367,600	1,392,300	1,381,200	1,332,900	1,407,500	1,445,700	1,618,500	1,603,400	1,577,000
ROE		11.45%	8.74%	9.74%	7.49%	4.03%	1.54%	-0.42%	-3.15%	-3.69%	-8.08%	-10.64%	-14.43%	-16.49%	-21.06%	-15.79%	-6.17%	0.10%	10.43%	11.23%	11.20%

June 30, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $186,500K ÷ $1,628,800K
= 11.45%

Carpenter Technology Corporation's return on equity (ROE) has displayed a fluctuating trend over the past quarters. The ROE has shown an improvement from negative figures in the past to positive values in the more recent periods. This indicates that the company is making progress in generating profits relative to its shareholders' equity.

The ROE stood at 11.45% as of June 30, 2024, showing a positive growth trend from the negative ROE figures reported in previous quarters. This suggests that Carpenter Technology Corporation has been able to effectively utilize its equity to generate profits for its shareholders in the most recent quarter.

Overall, Carpenter Technology Corporation's ROE performance has shown signs of improvement, but it is important to continue monitoring this indicator to ensure sustained profitability and efficiency in utilizing shareholders' equity.