Dover Corporation (DOV)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,056,830 | 1,065,380 | 1,123,820 | 683,451 | 677,918 |
| Total stockholders’ equity | US$ in thousands | 5,106,600 | 4,286,370 | 4,189,530 | 3,385,770 | 3,032,660 |
| ROE | 20.70% | 24.86% | 26.82% | 20.19% | 22.35% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,056,830K ÷ $5,106,600K
= 20.70%
Dover Corp.'s return on equity (ROE) has fluctuated over the past five years. In 2023, the ROE stood at 20.70%, a decrease from the previous year's 24.86% and a continuation of the downward trend that started in 2022. While the 2023 ROE is lower than in the previous years, it is still relatively healthy.
The ROE was at its highest in 2021 at 26.82%, indicating strong profitability relative to shareholders' equity that year. However, in 2020 and 2019, the ROE was lower at 20.19% and 22.35%, respectively.
Overall, Dover Corp.'s ROE trend suggests fluctuations in the company's ability to generate profits from the shareholders' equity over the past five years. Further analysis of the company's financial performance and strategies may be required to understand the factors influencing these fluctuations.
Peer comparison
Dec 31, 2023