Corteva Inc (CTVA)
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 | 907,000 | 695,000 | 898,000 | 559,000 | 735,000 | 947,000 | 946,000 | 1,201,000 | 1,170,000 | 1,370,000 | 1,722,000 | 1,723,000 | 1,759,000 | 1,641,000 | 1,219,000 | 1,009,000 | 681,000 | 619,000 | 517,000 | -851,000 |
| Total stockholders’ equity | US$ in thousands | 23,789,000 | 24,737,000 | 25,179,000 | 24,767,000 | 25,037,000 | 25,226,000 | 26,220,000 | 25,599,000 | 25,302,000 | 24,844,000 | 25,831,000 | 25,696,000 | 25,384,000 | 24,740,000 | 25,385,000 | 24,538,000 | 24,824,000 | 24,106,000 | 24,561,000 | 23,825,000 |
| ROE | 3.81% | 2.81% | 3.57% | 2.26% | 2.94% | 3.75% | 3.61% | 4.69% | 4.62% | 5.51% | 6.67% | 6.71% | 6.93% | 6.63% | 4.80% | 4.11% | 2.74% | 2.57% | 2.10% | -3.57% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $907,000K ÷ $23,789,000K
= 3.81%
The return on equity (ROE) for Corteva Inc has shown fluctuations over the past few years. ROE is a measure of a company's profitability and efficiency in generating returns for its shareholders.
From March 31, 2020, to December 31, 2024, Corteva's ROE varied from -3.57% to 6.93%. The company experienced negative ROE in March 2020, indicating that it was not generating profits sufficient to cover its shareholders' equity. However, the ROE turned positive in the following periods and showed an upward trend, reaching a peak of 6.93% by December 31, 2021.
After reaching its peak, the ROE began to decline gradually, with some fluctuations, but generally maintaining a positive range. As of December 31, 2024, Corteva's ROE stands at 3.81%.
This trend suggests that Corteva's profitability and efficiency in utilizing its equity have shown improvement over the years, despite some fluctuations. Investors and stakeholders may monitor the company's ROE to assess its performance and ability to generate returns on shareholder investments.
Peer comparison
Dec 31, 2024