Harley-Davidson Inc (HOG)
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 | 706,586 | 722,649 | 785,186 | 822,996 | 741,408 | 721,104 | 622,891 | 613,382 | 650,024 | 532,059 | 489,304 | 190,747 | 1,298 | 111,192 | 77,537 | 365,385 | 423,635 | 410,634 | 437,926 | 484,633 |
| Total stockholders’ equity | US$ in thousands | 3,252,810 | 3,310,020 | 3,188,900 | 3,093,060 | 2,903,520 | 2,840,210 | 2,635,150 | 2,509,100 | 2,553,240 | 2,333,890 | 2,184,270 | 1,976,390 | 1,722,780 | 1,769,900 | 1,623,700 | 1,691,980 | 1,804,000 | 1,836,220 | 1,910,640 | 1,797,610 |
| ROE | 21.72% | 21.83% | 24.62% | 26.61% | 25.53% | 25.39% | 23.64% | 24.45% | 25.46% | 22.80% | 22.40% | 9.65% | 0.08% | 6.28% | 4.78% | 21.60% | 23.48% | 22.36% | 22.92% | 26.96% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $706,586K ÷ $3,252,810K
= 21.72%
Harley-Davidson, Inc.'s return on equity (ROE) has exhibited fluctuating performance over the analyzed quarters. The ROE ranged from a low of 21.72% in Q4 2023 to a high of 26.61% in Q1 2023. This indicates varying levels of profitability generated by the company's equity during these periods.
The overall trend suggests that Harley-Davidson has maintained a relatively strong ROE, with most quarters showing values above 20%. The company's ability to generate returns on shareholders' equity above this threshold is indicative of effective management of assets and finances.
The decrease in ROE from Q1 2023 to Q4 2023 may raise concerns regarding the company's profitability and efficiency in utilizing equity. It would be essential for stakeholders to closely monitor future ROE values to assess if this decline is a temporary fluctuation or part of a more significant trend.
In conclusion, Harley-Davidson, Inc. has generally demonstrated a solid performance in terms of return on equity, indicating efficient utilization of equity capital to generate profits. However, ongoing monitoring and analysis of ROE trends will be crucial for evaluating the company's long-term financial health and performance.
Peer comparison
Dec 31, 2023