CTS Corporation (CTS)

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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Net income (ttm)	US$ in thousands	58,115	59,829	55,117	53,307	60,532	60,152	57,979	57,680	59,575	53,800	-21,894	-33,617	-41,866	-36,084	38,885	42,867	34,685	29,800	21,449	28,535
Total stockholders’ equity	US$ in thousands	1,017,870	530,806	522,751	521,285	526,822	522,667	521,395	514,136	506,224	490,612	485,947	480,178	463,578	457,374	454,309	435,716	423,682	413,966	400,892	397,466
ROE		5.71%	11.27%	10.54%	10.23%	11.49%	11.51%	11.12%	11.22%	11.77%	10.97%	-4.51%	-7.00%	-9.03%	-7.89%	8.56%	9.84%	8.19%	7.20%	5.35%	7.18%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $58,115K ÷ $1,017,870K
= 5.71%

Based on the provided data for CTS Corporation's return on equity (ROE) over various quarters from March 31, 2020, to December 31, 2024, the company's ROE has exhibited significant fluctuations.

The ROE trend started at 7.18% on March 31, 2020, showed a slight decrease in the subsequent quarter to 5.35% on June 30, 2020. From there, the ROE started to recover, reaching 8.19% by the end of December 31, 2020. The trend continued positively into the first half of 2021, with the ROE peaking at 9.84% on March 31, 2021, and maintaining a relatively high level above 8% until June 30, 2021.

However, a significant downturn occurred in the following quarters, indicating a pronounced decline in profitability, with negative ROE figures recorded from September 30, 2021, to June 30, 2022. The company experienced a notable recovery from the negative ROE, starting from September 30, 2022, where the ROE rose to 10.97% and continued to increase steadily, exceeding 11% by the end of December 31, 2024.

Overall, the ROE trend for CTS Corporation reflects periods of both positive performance, where profitability was relatively high, and challenges, as evidenced by the negative ROE figures. The recent improvement in ROE from September 30, 2022, onwards suggests a recovery in the company's profitability, although the fluctuations warrant further monitoring and analysis to assess the underlying factors driving these changes in financial performance.