Dover Corporation (DOV)
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 | 1,056,828 | 1,024,145 | 1,020,418 | 1,067,797 | 1,065,376 | 1,164,582 | 1,142,312 | 1,117,202 | 1,123,818 | 943,139 | 879,683 | 739,941 | 683,451 | 669,467 | 675,173 | 748,492 | 677,918 | 651,365 | 602,664 | 544,538 |
| Total stockholders’ equity | US$ in thousands | 5,106,600 | 4,832,500 | 4,662,100 | 4,460,560 | 4,286,370 | 3,991,430 | 4,388,520 | 4,329,780 | 4,189,530 | 3,891,820 | 3,719,300 | 3,499,140 | 3,385,770 | 2,697,630 | 2,575,170 | 2,509,100 | 3,032,660 | 2,555,670 | 2,501,210 | 2,357,130 |
| ROE | 20.70% | 21.19% | 21.89% | 23.94% | 24.85% | 29.18% | 26.03% | 25.80% | 26.82% | 24.23% | 23.65% | 21.15% | 20.19% | 24.82% | 26.22% | 29.83% | 22.35% | 25.49% | 24.09% | 23.10% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,056,828K ÷ $5,106,600K
= 20.70%
Dover Corp.'s return on equity (ROE) has shown a consistent downward trend over the past eight quarters. The ROE decreased from 29.18% in Q3 2022 to 20.70% in Q4 2023, indicating a decline in the company's profitability relative to shareholders' equity. This downward trend suggests that the company may be experiencing challenges in efficiently utilizing its equity to generate profits. It is essential for Dover Corp. to closely monitor and address the factors contributing to the decrease in ROE to ensure sustained financial performance and shareholder value.
Peer comparison
Dec 31, 2023