Consolidated Edison Inc (ED)

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	2,519,000	2,375,000	2,462,000	2,491,000	1,660,000	1,694,000	1,619,000	1,529,000	1,346,000	1,165,000	1,120,000	1,145,000	1,101,000	1,353,000	1,333,000	1,295,000	1,344,000	1,380,000	1,342,000	1,378,000
Total stockholders’ equity	US$ in thousands	21,158,000	21,078,000	20,805,000	20,843,000	20,687,000	20,748,000	20,387,000	20,378,000	20,037,000	20,037,000	19,743,000	19,033,000	18,847,000	18,494,000	18,225,000	18,261,000	18,022,000	17,959,000	17,709,000	17,369,000
ROE		11.91%	11.27%	11.83%	11.95%	8.02%	8.16%	7.94%	7.50%	6.72%	5.81%	5.67%	6.02%	5.84%	7.32%	7.31%	7.09%	7.46%	7.68%	7.58%	7.93%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,519,000K ÷ $21,158,000K
= 11.91%

Consolidated Edison, Inc.'s return on equity (ROE) has shown a consistent and improving trend over the past eight quarters. The ROE has gradually increased from 7.50% in Q1 2022 to 11.91% in Q4 2023. This indicates that the company is effectively generating profit from the shareholder's equity and enhancing shareholder value. The company has been able to maintain a relatively stable ROE above 11% in the most recent quarters, demonstrating financial stability and efficiency in utilizing equity to generate earnings. Overall, the upward trend in ROE reflects positively on Consolidated Edison, Inc.'s financial performance and management's ability to deliver strong returns to investors.