ITT Inc (ITT)
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 | 410,500 | 434,200 | 425,800 | 392,200 | 367,000 | 355,400 | 340,500 | 304,900 | 316,300 | 199,200 | 64,900 | 73,900 | 72,500 | 154,400 | 319,800 | 338,600 | 325,100 | 308,600 | 300,900 | 303,800 |
| Total stockholders’ equity | US$ in thousands | 2,528,200 | 2,409,100 | 2,346,900 | 2,299,200 | 2,248,100 | 2,057,000 | 2,008,300 | 2,084,900 | 2,225,800 | 2,143,000 | 2,138,200 | 2,106,100 | 2,126,400 | 2,020,900 | 2,051,800 | 2,012,400 | 2,074,900 | 1,997,600 | 1,935,200 | 1,868,600 |
| ROE | 16.24% | 18.02% | 18.14% | 17.06% | 16.32% | 17.28% | 16.95% | 14.62% | 14.21% | 9.30% | 3.04% | 3.51% | 3.41% | 7.64% | 15.59% | 16.83% | 15.67% | 15.45% | 15.55% | 16.26% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $410,500K ÷ $2,528,200K
= 16.24%
ITT Inc's return on equity (ROE) has been relatively stable over the past eight quarters, ranging from 14.62% to 18.14%. The company's ROE showed an increasing trend from Q1 2022 to Q3 2023, peaking at 18.14% in Q2 2023 before slightly decreasing in Q4 2023 to 16.24%. This indicates that the company has been effectively utilizing its equity to generate profits for its shareholders.
Overall, ITT Inc's ROE performance suggests that the company is managing its assets and equity efficiently to generate returns. However, it is important to continue monitoring this metric to ensure sustained profitability and value creation for its shareholders.
Peer comparison
Dec 31, 2023