Itron Inc (ITRI)
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 | 96,923 | 74,749 | 38,694 | -22,474 | -9,732 | -90,810 | -96,796 | -92,952 | -81,255 | -869 | -24,357 | -54,036 | -57,955 | -64,855 | -22,651 | 59,597 | 49,006 | 58,263 | 61,298 | 44,509 |
| Total stockholders’ equity | US$ in thousands | 1,310,910 | 1,237,730 | 1,205,120 | 1,171,280 | 1,168,470 | 1,093,830 | 1,110,110 | 1,160,080 | 1,116,080 | 1,173,590 | 1,175,280 | 1,196,470 | 816,548 | 771,896 | 777,799 | 770,740 | 776,538 | 737,289 | 723,302 | 709,405 |
| ROE | 7.39% | 6.04% | 3.21% | -1.92% | -0.83% | -8.30% | -8.72% | -8.01% | -7.28% | -0.07% | -2.07% | -4.52% | -7.10% | -8.40% | -2.91% | 7.73% | 6.31% | 7.90% | 8.47% | 6.27% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $96,923K ÷ $1,310,910K
= 7.39%
Based on the data provided, Itron Inc.'s return on equity (ROE) has shown improvement in recent quarters. In Q4 2023, the ROE increased to 7.39% from 6.04% in Q3 2023. This upward trend indicates a positive performance in generating profits relative to shareholders' equity.
Furthermore, the company's ROE has generally been on an upward trajectory since Q1 2023 when it was negative at -1.92%. This turnaround suggests that Itron Inc. has been effectively utilizing shareholders' equity to generate income and create value for investors.
Compared to the same quarter in the prior year, there has been a significant improvement in ROE. For example, in Q4 2022, the ROE was at -0.83%, indicating a notable enhancement in profitability and efficiency in capital utilization.
Overall, the increasing trend in ROE reflects positively on Itron Inc.'s financial performance and management effectiveness in utilizing equity to generate returns for shareholders. It demonstrates a healthy and improving financial position for the company.
Peer comparison
Dec 31, 2023