General Dynamics Corporation (GD)
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 | 3,315,000 | 3,302,000 | 3,368,000 | 3,390,000 | 3,390,000 | 3,350,000 | 3,308,000 | 3,279,000 | 3,257,000 | 3,307,000 | 3,281,000 | 3,169,000 | 3,167,000 | 3,185,000 | 3,264,000 | 3,445,000 | 3,484,000 | 3,373,000 | 3,311,000 | 3,291,000 |
| Total stockholders’ equity | US$ in thousands | 21,299,000 | 19,957,000 | 19,478,000 | 19,087,000 | 18,568,000 | 17,651,000 | 17,381,000 | 18,014,000 | 17,641,000 | 15,721,000 | 15,321,000 | 15,340,000 | 15,661,000 | 15,140,000 | 14,306,000 | 13,609,000 | 13,978,000 | 13,513,000 | 12,877,000 | 12,234,000 |
| ROE | 15.56% | 16.55% | 17.29% | 17.76% | 18.26% | 18.98% | 19.03% | 18.20% | 18.46% | 21.04% | 21.42% | 20.66% | 20.22% | 21.04% | 22.82% | 25.31% | 24.92% | 24.96% | 25.71% | 26.90% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $3,315,000K ÷ $21,299,000K
= 15.56%
General Dynamics Corp.'s return on equity (ROE) has exhibited a slight downward trend over the past year, with values ranging from 15.56% to 19.03% across consecutive quarters. The ROE was at its peak in Q3 2022 at 19.03% and experienced a gradual decline thereafter.
Although the ROE has declined over the past year, it remains relatively stable and healthy, indicating that the company is efficiently utilizing shareholder equity to generate profits. The average ROE over the eight quarters is approximately 17.76%, reflecting consistent performance in generating profits relative to the shareholders' equity.
A decreasing trend in ROE may raise concerns about the company's ability to generate returns on equity investment. Further analysis, such as examining the components of ROE (net profit margin, asset turnover, and financial leverage), would provide deeper insights into the factors driving the changes in ROE for General Dynamics Corp.
Peer comparison
Dec 31, 2023
See also:
General Dynamics Corporation Return on Equity (ROE) (Quarterly Data)