Ecolab Inc (ECL)

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	1,372,300	1,231,500	1,174,600	1,153,200	1,091,700	1,482,100	1,459,500	1,462,000	1,483,700	1,511,800	1,436,600	-904,100	-814,300	-1,067,600	-852,700	1,545,800	1,558,900	1,524,400	1,495,600	1,478,300
Total stockholders’ equity	US$ in thousands	8,044,700	7,795,800	7,556,700	7,344,200	7,236,100	7,062,600	7,093,400	7,081,600	7,224,200	6,933,500	6,709,100	6,292,300	6,166,500	6,014,700	5,855,200	8,822,100	8,685,300	8,567,700	8,225,400	8,220,700
ROE		17.06%	15.80%	15.54%	15.70%	15.09%	20.99%	20.58%	20.65%	20.54%	21.80%	21.41%	-14.37%	-13.21%	-17.75%	-14.56%	17.52%	17.95%	17.79%	18.18%	17.98%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,372,300K ÷ $8,044,700K
= 17.06%

The Return on Equity (ROE) for Ecolab, Inc. has shown consistent performance over the past eight quarters, ranging from 15.09% to 17.06%. The average ROE during this period is approximately 15.70%. ROE measures the profitability of a company by evaluating how effectively it is generating profits from its equity investments.

Ecolab's ROE indicates that, on average, the company is generating approximately 15.70 cents in profit for every dollar of equity held by its shareholders. This suggests that Ecolab is efficiently utilizing its equity to generate returns for its investors.

Overall, the stable and relatively high ROE of Ecolab, Inc. indicates that the company is effectively managing its assets and using its equity capital efficiently to generate profits, which can be seen as a positive indicator of the company's financial health and performance.