Harley-Davidson Inc (HOG)
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 | 455,358 | 598,058 | 677,667 | 637,437 | 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 |
| Total stockholders’ equity | US$ in thousands | 3,166,050 | 3,431,310 | 3,437,760 | 3,337,720 | 3,252,810 | 3,311,270 | 3,189,860 | 3,095,850 | 2,906,810 | 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 |
| ROE | 14.38% | 17.43% | 19.71% | 19.10% | 21.72% | 21.82% | 24.62% | 26.58% | 25.51% | 25.39% | 23.64% | 24.45% | 25.46% | 22.80% | 22.40% | 9.65% | 0.08% | 6.28% | 4.78% | 21.60% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $455,358K ÷ $3,166,050K
= 14.38%
Harley-Davidson Inc's Return on Equity (ROE) has shown fluctuating trends over the period from March 31, 2020, to December 31, 2024. Starting at 21.60% in March 2020, the ROE decreased to 4.78% in June 2020, reflecting a significant decline. Thereafter, there was a gradual increase in ROE, reaching a peak of 26.58% by March 31, 2023. However, the ROE saw a slight downward trajectory in the following quarters, settling at 14.38% by December 31, 2024.
The ROE figures indicate the company's efficiency in generating profits from shareholders' equity. It is noteworthy that the company experienced significant fluctuations in ROE during the period under review, which may be attributed to various factors such as changes in profitability, financial leverage, or asset management efficiency. The upward trend from 2020 to 2023 suggests improved profitability and effective utilization of equity, while the subsequent decline in 2024 raises questions about the company's ability to maintain or improve its return on equity in the future. Further analysis of the underlying financial performance and operational strategies of Harley-Davidson Inc would be necessary to fully understand the drivers behind these ROE fluctuations.
Peer comparison
Dec 31, 2024