Gates Industrial Corporation plc (GTES)
Return on equity (ROE)
| Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 252,300 | 246,500 | 232,900 | 254,900 | 228,100 | 216,300 | 220,800 | 198,600 | 216,900 | 260,700 | 297,100 | 258,700 | 230,400 | 111,100 | 79,400 | 74,500 | 68,100 | 112,000 | 690,100 | 746,300 |
| Total stockholders’ equity | US$ in thousands | 3,177,000 | 3,178,600 | 3,220,200 | 3,091,200 | 3,070,400 | 3,215,000 | 3,110,000 | 2,936,000 | 2,958,200 | 2,995,100 | 3,099,700 | 3,017,000 | 2,983,800 | 2,851,600 | 2,805,700 | 2,598,500 | 2,497,300 | 2,484,800 | 2,651,000 | 2,577,400 |
| ROE | 7.94% | 7.75% | 7.23% | 8.25% | 7.43% | 6.73% | 7.10% | 6.76% | 7.33% | 8.70% | 9.58% | 8.57% | 7.72% | 3.90% | 2.83% | 2.87% | 2.73% | 4.51% | 26.03% | 28.96% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $252,300K ÷ $3,177,000K
= 7.94%
The return on equity (ROE) of Gates Industrial Corporation plc has shown some fluctuations over the past several quarters. The ROE has ranged from a low of 2.83% in March 2021 to a high of 28.96% in September 2019.
In general, the ROE has exhibited a declining trend since the peak in September 2019. However, there was a notable improvement in the ROE for the quarter ended March 2022, where it reached 8.70%, before declining once again in subsequent quarters.
The ROE for the most recent quarter, June 2024, stands at 7.94%. This indicates that for every dollar of shareholder equity, the company generated a return of 7.94% during this period.
It is important to further investigate the factors driving the fluctuations in ROE, such as changes in profitability, leverage, and asset management efficiency, to assess the overall financial health and performance of Gates Industrial Corporation plc.
Peer comparison
Jun 30, 2024