Fortive Corp (FTV)

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	865,800	827,800	799,700	763,700	755,200	693,000	655,400	663,300	608,400	1,659,000	1,732,500	1,681,600	1,613,300	590,500	571,800	616,400	738,900	2,658,400	2,696,600	2,817,000
Total stockholders’ equity	US$ in thousands	10,318,900	10,077,800	9,965,800	9,869,900	9,683,400	9,390,800	9,444,300	9,561,400	9,512,200	9,318,000	9,205,000	9,009,000	8,964,200	7,676,100	7,395,300	7,242,100	7,387,000	7,151,700	7,011,600	6,850,700
ROE		8.39%	8.21%	8.02%	7.74%	7.80%	7.38%	6.94%	6.94%	6.40%	17.80%	18.82%	18.67%	18.00%	7.69%	7.73%	8.51%	10.00%	37.17%	38.46%	41.12%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $865,800K ÷ $10,318,900K
= 8.39%

Fortive Corp's return on equity (ROE) has shown a generally increasing trend over the past eight quarters, indicating improving profitability relative to shareholder equity. The ROE has ranged from 6.76% to 8.39% during this period. The company's ability to generate profits from the shareholders' equity has been on an upward trajectory, with the latest reported ROE at 8.39% in Q4 2023. This suggests that Fortive Corp is effectively utilizing its equity to generate returns for its shareholders. The consistent improvement in ROE reflects positively on the company's operational efficiency and financial performance.