Gates Industrial Corporation plc (GTES)

Return on equity (ROE)

Dec 31, 2024 Sep 30, 2024 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
Net income (ttm) US$ in thousands 194,900 221,200 252,300 246,500 232,900 254,900 228,100 216,300 220,800 198,600 216,900 260,700 297,100 258,700 230,400 111,100 79,400 74,500 68,100 112,000
Total stockholders’ equity US$ in thousands 3,023,600 3,110,300 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
ROE 6.45% 7.11% 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%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $194,900K ÷ $3,023,600K
= 6.45%

Gates Industrial Corporation plc's return on equity (ROE) has demonstrated fluctuation over the period analyzed. Starting at 4.51% in March 2020, the ROE experienced a decrease to 2.73% by June 2020, indicating a temporary decline in profitability. Subsequently, there were minor increases in September and December 2020, reaching 2.87% and 2.83%, respectively.

From March 2021 onwards, the ROE showed a more positive trend, gradually improving to 9.58% by December 2021. This significant increase in profitability indicates enhanced efficiency in utilizing shareholders' equity to generate earnings. The ROE continued to perform well in the following quarters, peaking at 8.70% in March 2022, before experiencing slight fluctuations around the 7-8% range until June 2024.

However, a slight decline was observed in the latest data point of December 2024, where the ROE dropped to 6.45%. Overall, Gates Industrial Corporation plc's ROE trend indicates varying levels of profitability and efficiency in generating returns for shareholders over the analyzed period.