CTS Corporation (CTS)

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	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	36,146	43,648	51,137	46,403
Total stockholders’ equity	US$ in thousands	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	405,219	395,194	395,545	386,893
ROE		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%	8.92%	11.04%	12.93%	11.99%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $60,532K ÷ $526,822K
= 11.49%

CTS Corp.'s return on equity (ROE) has been showing relatively stable performance over the last few quarters, ranging from 10.97% to 11.77%. This indicates that the company is generating a consistent return for its shareholders relative to the equity invested.

The negative ROE values in Q2 and Q1 of 2022 suggest that the company may have faced challenges during that period in terms of effectively utilizing its equity to generate profits. However, the subsequent quarters show a significant recovery in performance.

Overall, the positive trend in ROE from Q1 2022 to Q4 2023 indicates an improvement in the company's ability to generate profits from shareholder equity, reflecting positively on its operational efficiency and financial management.