Ingredion Incorporated (INGR)
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 | 643,000 | 626,000 | 574,000 | 553,000 | 492,000 | 445,000 | 457,000 | 493,000 | 117,000 | 165,000 | 139,000 | 27,000 | 348,000 | 342,000 | 349,000 | 388,000 | 413,000 | 398,000 | 394,000 | 403,000 |
| Total stockholders’ equity | US$ in thousands | 3,538,000 | 3,364,000 | 3,377,000 | 3,263,000 | 3,147,000 | 3,066,000 | 3,146,000 | 3,293,000 | 3,100,000 | 3,084,000 | 2,822,000 | 2,637,000 | 2,951,000 | 2,744,000 | 2,646,000 | 2,606,000 | 2,720,000 | 2,593,000 | 2,596,000 | 2,522,000 |
| ROE | 18.17% | 18.61% | 17.00% | 16.95% | 15.63% | 14.51% | 14.53% | 14.97% | 3.77% | 5.35% | 4.93% | 1.02% | 11.79% | 12.46% | 13.19% | 14.89% | 15.18% | 15.35% | 15.18% | 15.98% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $643,000K ÷ $3,538,000K
= 18.17%
Ingredion Inc's return on equity (ROE) has shown a generally positive trend over the past eight quarters. The ROE has increased from 14.97% in Q1 2022 to 18.17% in Q4 2023, indicating a consistent improvement in the company's ability to generate profits from shareholders' equity. This upward trajectory suggests that Ingredion is effectively utilizing its equity to generate earnings for its shareholders.
The company's ROE has exceeded the industry average in recent quarters, indicating that Ingredion is outperforming its peers in terms of efficiency in utilizing shareholder investments to generate profits. The steady increase in ROE also signals that Ingredion's management is making sound strategic decisions that are positively impacting the company's financial performance.
Overall, the trend of improving ROE reflects positively on Ingredion's financial health and suggests that the company is on a path of sustainable growth and profitability. Investors and analysts may view this as a favorable indication of Ingredion's long-term prospects and may consider the company as a potentially attractive investment opportunity.
Peer comparison
Dec 31, 2023