Honeywell International Inc (HON)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 5,658,000 | 4,966,000 | 5,542,000 | 4,779,000 | 6,143,000 |
| Total stockholders’ equity | US$ in thousands | 15,856,000 | 16,697,000 | 18,569,000 | 17,549,000 | 18,494,000 |
| ROE | 35.68% | 29.74% | 29.85% | 27.23% | 33.22% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $5,658,000K ÷ $15,856,000K
= 35.68%
Honeywell International Inc's return on equity (ROE) has shown a generally positive trend over the past five years. The company's ROE increased from 33.22% in 2019 to 35.68% in 2023, indicating an improvement in profitability and efficiency in generating returns for shareholders.
The ROE for 2020 and 2021 remained relatively stable at 27.23% and 29.85%, respectively, before experiencing a notable increase to 29.74% in 2022. This upward trend suggests that the company has been effectively utilizing its equity to generate profits and create value for its shareholders.
Overall, Honeywell International Inc's ROE performance reflects a consistent and strong financial position, indicating effective management of the company's assets and liabilities to drive profitability and enhance shareholder value.
Peer comparison
Dec 31, 2023