Enersys (ENS)
Return on equity (ROE)
| Mar 31, 2024 | 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 | Jul 5, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 269,096 | 274,134 | 242,386 | 211,629 | 175,810 | 137,952 | 129,806 | 130,960 | 143,911 | 149,655 | 152,015 | 152,120 | 143,374 | 108,015 | 96,696 | 123,663 | 137,116 | 157,177 | 178,289 | 163,015 |
| Total stockholders’ equity | US$ in thousands | 1,753,640 | 1,726,530 | 1,659,990 | 1,679,770 | 1,600,280 | 1,527,760 | 1,410,940 | 1,435,080 | 1,489,370 | 1,504,120 | 1,570,020 | 1,563,600 | 1,539,760 | 1,527,560 | 1,431,390 | 1,361,630 | 1,300,520 | 1,366,100 | 1,315,480 | 1,292,930 |
| ROE | 15.34% | 15.88% | 14.60% | 12.60% | 10.99% | 9.03% | 9.20% | 9.13% | 9.66% | 9.95% | 9.68% | 9.73% | 9.31% | 7.07% | 6.76% | 9.08% | 10.54% | 11.51% | 13.55% | 12.61% |
March 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $269,096K ÷ $1,753,640K
= 15.34%
Enersys' return on equity (ROE) has shown a positive trend over the past several quarters, indicating an improving efficiency in generating profits from shareholders' equity. The ROE increased from 12.61% in June 2019 to 15.34% in March 2024. This indicates that the company has been more effective in utilizing its equity to generate profits for shareholders.
The quarterly fluctuations in ROE suggest some volatility in the company's performance. However, the overall upward trend is a positive sign of the company's ability to generate higher returns for its shareholders over time.
It is important to note that a consistently increasing ROE demonstrates improved profitability and efficiency in utilizing equity capital. Enersys should continue to focus on maintaining or further improving its ROE to ensure sustainable growth and value creation for its shareholders. Additionally, comparing Enersys' ROE with industry peers and historical performance can provide further insights into the company's competitive position and financial health.
Peer comparison
Mar 31, 2024