Ford Motor Company (F)

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	4,347,000	6,162,000	4,136,000	2,886,000	-1,981,000	9,012,000	11,671,000	11,565,000	17,937,000	1,845,000	2,398,000	2,954,000	-2,301,000	-927,000	-2,887,000	-3,856,000	-717,000	1,702,000	2,268,000	3,186,000
Total stockholders’ equity	US$ in thousands	42,773,000	44,263,000	43,677,000	42,366,000	43,242,000	42,125,000	44,169,000	44,985,000	48,519,000	36,593,000	34,664,000	33,828,000	30,690,000	33,125,000	30,824,000	29,650,000	33,185,000	35,349,000	36,097,000	36,398,000
ROE		10.16%	13.92%	9.47%	6.81%	-4.58%	21.39%	26.42%	25.71%	36.97%	5.04%	6.92%	8.73%	-7.50%	-2.80%	-9.37%	-13.01%	-2.16%	4.81%	6.28%	8.75%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $4,347,000K ÷ $42,773,000K
= 10.16%

Ford Motor Co.'s return on equity (ROE) has exhibited fluctuations over the past eight quarters. In Q4 2023, the ROE stood at 10.16%, a decrease from the previous quarter's 13.92%. Despite this decline, Ford's ROE in Q4 2023 is higher compared to Q1 and Q2 of the same year, which recorded 6.81% and 9.47%, respectively. Notably, Ford experienced a significant negative ROE of -4.58% in Q4 2022, followed by a remarkable recovery in the subsequent quarters, with ROEs reaching 21.39% in Q3 2022 and 26.42% in Q2 2022.

Overall, Ford's ROE performance appears to have improved in recent quarters compared to the negative ROE experienced in Q4 2022. The trend indicates volatility, with fluctuations in profitability and efficiency in generating returns for shareholders. Further analysis and comparison with industry peers may provide additional insights into Ford's financial health and operational efficiency.