Ingersoll Rand Inc (IR)
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 | 778,700 | 766,300 | 703,100 | 662,100 | 604,700 | 680,300 | 661,200 | 756,600 | 562,500 | 421,100 | 324,600 | -86,900 | -33,300 | -159,200 | -147,400 | 75,100 | 159,000 | 227,800 | 258,700 | 274,100 |
| Total stockholders’ equity | US$ in thousands | 9,783,800 | 9,554,000 | 9,414,800 | 9,317,300 | 9,195,800 | 8,750,900 | 8,776,900 | 8,992,200 | 9,001,500 | 8,653,600 | 9,277,900 | 8,956,700 | 9,119,700 | 8,771,700 | 8,574,900 | 8,686,200 | 1,869,900 | 1,790,500 | 1,785,300 | 1,737,700 |
| ROE | 7.96% | 8.02% | 7.47% | 7.11% | 6.58% | 7.77% | 7.53% | 8.41% | 6.25% | 4.87% | 3.50% | -0.97% | -0.37% | -1.81% | -1.72% | 0.86% | 8.50% | 12.72% | 14.49% | 15.77% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $778,700K ÷ $9,783,800K
= 7.96%
Ingersoll-Rand Inc's return on equity (ROE) has shown a relatively stable performance over the last eight quarters, ranging from 6.58% to 8.41%. The company's ROE peaked in Q1 2022 at 8.41% before experiencing a slight decline in subsequent quarters. Despite the fluctuations, Ingersoll-Rand Inc has maintained an average ROE of around 7.5% during this period.
The ROE of a company indicates its efficiency in generating profits from shareholders' equity. Ingersoll-Rand Inc's ROE levels suggest a moderate ability to generate returns on the capital invested by shareholders. However, it is important to compare the company's ROE with industry peers and benchmark figures to assess its relative performance in the market.
Ingersoll-Rand Inc may consider initiatives to improve its ROE, such as optimizing its capital structure, enhancing operational efficiency, or increasing profitability. Regular monitoring of ROE trends can provide valuable insights into the company's financial health and performance over time.
Peer comparison
Dec 31, 2023