Franklin Electric Co Inc (FELE)
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 | 193,272 | 194,255 | 195,081 | 194,845 | 187,285 | 188,420 | 175,968 | 155,745 | 153,860 | 139,993 | 132,193 | 117,752 | 100,515 | 93,515 | 89,050 | 97,095 | 95,508 | 99,908 | 96,001 | 93,756 |
| Total stockholders’ equity | US$ in thousands | 1,206,720 | 1,180,430 | 1,146,660 | 1,092,430 | 1,067,860 | 1,025,180 | 986,087 | 961,707 | 946,501 | 923,015 | 901,299 | 861,429 | 847,833 | 810,569 | 773,864 | 751,179 | 796,545 | 775,194 | 759,188 | 734,095 |
| ROE | 16.02% | 16.46% | 17.01% | 17.84% | 17.54% | 18.38% | 17.85% | 16.19% | 16.26% | 15.17% | 14.67% | 13.67% | 11.86% | 11.54% | 11.51% | 12.93% | 11.99% | 12.89% | 12.65% | 12.77% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $193,272K ÷ $1,206,720K
= 16.02%
The return on equity (ROE) of Franklin Electric Co., Inc. has shown a relatively stable performance over the past eight quarters. The ROE has ranged between 15.96% and 18.36% during this period, with the highest value recorded in Q1 2023 and the lowest in Q4 2023. This indicates that the company has been effectively utilizing its equity to generate profits for its shareholders.
Overall, the trend in ROE shows a slight fluctuation, with some quarters performing better than others. However, the variations are not significant, suggesting that the company has been able to maintain a consistent level of profitability relative to its equity base. It is important for Franklin Electric Co., Inc. to continue monitoring its ROE and implementing strategies to sustain or improve its profitability in the future.
Peer comparison
Dec 31, 2023