Genuine Parts Co (GPC)
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 | 1,316,524 | 1,251,625 | 1,212,785 | 1,240,820 | 1,182,701 | 1,186,724 | 1,102,951 | 926,918 | 898,790 | 813,995 | 812,941 | 52,073 | -29,102 | -191,388 | -191,432 | 597,370 | 621,085 | 798,866 | 791,606 | 794,148 |
| Total stockholders’ equity | US$ in thousands | 4,401,050 | 4,186,110 | 4,071,210 | 3,926,200 | 3,790,360 | 3,664,450 | 3,640,560 | 3,595,740 | 3,490,740 | 3,183,180 | 3,233,880 | 3,324,560 | 3,204,800 | 3,014,080 | 2,849,280 | 3,402,700 | 3,674,710 | 3,642,190 | 3,665,330 | 3,550,930 |
| ROE | 29.91% | 29.90% | 29.79% | 31.60% | 31.20% | 32.38% | 30.30% | 25.78% | 25.75% | 25.57% | 25.14% | 1.57% | -0.91% | -6.35% | -6.72% | 17.56% | 16.90% | 21.93% | 21.60% | 22.36% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,316,524K ÷ $4,401,050K
= 29.91%
Genuine Parts Co.'s return on equity (ROE) has shown consistency and stability in recent quarters, ranging from 29.79% to 31.60%. The company's ROE peaked at 32.38% in Q3 2022 and has been relatively steady since then. This indicates that Genuine Parts Co. has been effectively utilizing its shareholders' equity to generate profits. The slightly decreasing trend in ROE from Q3 2022 to Q4 2023 may suggest a slight decrease in profitability or efficiency in utilizing equity during this period. Overall, Genuine Parts Co. maintains a strong ROE performance, reflecting its ability to generate healthy returns for its shareholders.