Corteva Inc (CTVA)
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 | 735,000 | 933,000 | 923,000 | 1,178,000 | 1,147,000 | 1,361,000 | 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 | -959,000 | |||
| Total stockholders’ equity | US$ in thousands | 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 | 24,309,000 | 25,015,000 | 25,810,000 | 74,571,000 |
| ROE | 2.94% | 3.70% | 3.52% | 4.60% | 4.53% | 5.48% | 6.67% | 6.71% | 6.93% | 6.63% | 4.80% | 4.11% | 2.74% | 2.57% | 2.10% | -3.57% | -3.95% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $735,000K ÷ $25,037,000K
= 2.94%
Corteva Inc's return on equity (ROE) has been relatively stable over the past eight quarters, with values ranging from 2.94% to 6.71%. The downward trend observed from Q1 2023 to Q4 2023 could indicate a decrease in the company's profitability and efficiency in generating returns for its shareholders' equity.
It is essential to consider possible factors contributing to the fluctuation in ROE, such as changes in net income, total equity, or financial leverage. Additionally, a lower ROE may suggest that Corteva Inc is not effectively utilizing its equity to generate profits compared to previous periods, which could potentially be a concern for investors.
Further analysis and comparison with industry benchmarks or competitors' ROE ratios would provide more insights into Corteva Inc's performance and competitiveness in the market. Monitoring ROE trends over time can help stakeholders assess the company's financial health and management effectiveness in delivering value to shareholders.
Peer comparison
Dec 31, 2023