GATX Corporation (GATX)

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	259,200	241,600	218,200	157,500	155,900	168,500	179,500	182,400	143,100	99,900	107,700	141,500	151,300	190,100	187,300	216,000	211,200	203,800	205,700	176,500
Total stockholders’ equity	US$ in thousands	2,273,000	2,174,500	2,178,900	2,101,500	2,029,600	1,940,500	1,981,500	2,060,800	2,019,200	1,976,900	1,971,400	1,960,000	1,957,400	1,930,000	1,875,300	1,831,000	1,835,100	1,786,500	1,834,800	1,809,200
ROE		11.40%	11.11%	10.01%	7.49%	7.68%	8.68%	9.06%	8.85%	7.09%	5.05%	5.46%	7.22%	7.73%	9.85%	9.99%	11.80%	11.51%	11.41%	11.21%	9.76%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $259,200K ÷ $2,273,000K
= 11.40%

The return on equity (ROE) of GATX Corp. has displayed a fluctuating trend over the last eight quarters. In Q4 2023, the ROE stood at 11.40%, showing a slight improvement compared to the previous quarter's 11.11%. The ROE had shown a consistent increase from Q1 2022 to Q2 2023, with a peak of 9.06% in Q2 2022. However, there was a notable decline in Q3 and Q4 2023 compared to the previous quarters.

Overall, GATX Corp.'s ROE performance indicates that the company has been generating a return on its equity investment for its shareholders. It is essential to further analyze the drivers behind the fluctuations in ROE to understand the company's profitability and efficiency in utilizing shareholders' equity.