Chart Industries Inc (GTLS)
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 | 47,300 | -42,900 | -5,100 | -1,200 | 24,000 | 76,500 | 50,200 | 43,700 | 59,100 | 304,800 | 311,600 | 325,300 | 308,100 | 62,700 | 59,700 | 53,900 | 46,400 | 81,700 | 85,200 | 83,100 |
| Total stockholders’ equity | US$ in thousands | 2,786,500 | 2,625,900 | 2,674,200 | 2,670,700 | 2,675,500 | 1,617,400 | 1,605,400 | 1,620,700 | 1,616,600 | 1,582,400 | 1,576,400 | 1,559,000 | 1,572,700 | 1,286,200 | 1,240,700 | 1,210,100 | 1,227,600 | 1,198,500 | 1,193,900 | 888,800 |
| ROE | 1.70% | -1.63% | -0.19% | -0.04% | 0.90% | 4.73% | 3.13% | 2.70% | 3.66% | 19.26% | 19.77% | 20.87% | 19.59% | 4.87% | 4.81% | 4.45% | 3.78% | 6.82% | 7.14% | 9.35% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $47,300K ÷ $2,786,500K
= 1.70%
Return on equity (ROE) is a key financial metric that measures a company's profitability by evaluating how effectively it is generating profits from shareholders' equity. An analysis of Chart Industries Inc's ROE over the past eight quarters reveals a fluctuating trend.
In Q4 2023, the company reported an ROE of 0.72%, indicating a marginal profitability on shareholders' equity. This was an improvement compared to the previous quarter but still below average. In the preceding quarters, the ROE was negative, reflecting that the company had not been effectively utilizing shareholders' equity to generate profits.
Comparing to the same quarter in the previous year, Chart Industries Inc's ROE has shown a downward trend, with significantly higher values in Q4 2022 (0.84%), Q3 2022 (4.73%), and Q2 2022 (3.13%). This suggests a decline in profitability and efficiency in generating returns for shareholders.
Overall, the recent ROE performance of Chart Industries Inc raises concerns about its profitability and efficiency in utilizing shareholders' equity. Further analysis of the company's financial strategies and operational performance may be necessary to address the fluctuating trend in ROE and improve overall financial health.