IDEX Corporation (IEX)
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 | 596,100 | 617,500 | 587,100 | 586,700 | 586,900 | 575,700 | 512,700 | 476,700 | 449,400 | 431,668 | 419,816 | 388,480 | 377,778 | 373,560 | 374,906 | 417,251 | 425,521 | 426,808 | 427,966 | 421,883 |
| Total stockholders’ equity | US$ in thousands | 3,541,400 | 3,387,100 | 3,278,700 | 3,229,200 | 3,039,300 | 2,802,800 | 2,788,200 | 2,899,000 | 2,803,100 | 2,726,240 | 2,672,800 | 2,609,930 | 2,540,200 | 2,396,530 | 2,261,040 | 2,229,790 | 2,263,230 | 2,163,050 | 2,112,040 | 2,055,230 |
| ROE | 16.83% | 18.23% | 17.91% | 18.17% | 19.31% | 20.54% | 18.39% | 16.44% | 16.03% | 15.83% | 15.71% | 14.88% | 14.87% | 15.59% | 16.58% | 18.71% | 18.80% | 19.73% | 20.26% | 20.53% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $596,100K ÷ $3,541,400K
= 16.83%
Idex Corporation's return on equity (ROE) has exhibited some fluctuations over the past eight quarters, ranging from a high of 20.54% in Q3 2022 to a low of 16.44% in Q1 2022. Generally, the ROE has been above 16%, indicating that the company has been generating a sufficient return for its shareholders during this period.
The downward trend in ROE from Q3 2022 to Q1 2022 may suggest that the company faced challenges in maintaining profitability or efficiently utilizing its equity investments. However, the subsequent increase in ROE from Q1 2022 to Q3 2022 indicates a potential improvement in the company's financial performance.
Idex Corporation's ability to consistently achieve ROE above 16% reflects a satisfactory level of profitability relative to its equity base. Investors and stakeholders may find the overall trend in ROE to be positive, although closer analysis of the underlying factors driving these fluctuations would be necessary to fully assess the company's financial health and performance.
Peer comparison
Dec 31, 2023