John Bean Technologies Corporation (JBT)
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 | 582,600 | 542,500 | 137,200 | 137,900 | 136,300 | 126,900 | 119,900 | 117,000 | 118,400 | 116,900 | 104,800 | 106,800 | 108,800 | 120,800 | 137,100 | 138,300 | 129,000 | 129,800 | 122,700 | 122,600 |
| Total stockholders’ equity | US$ in thousands | 1,488,900 | 1,373,100 | 921,200 | 891,000 | 905,400 | 806,200 | 789,800 | 783,600 | 750,500 | 707,300 | 685,700 | 672,100 | 637,100 | 611,400 | 596,600 | 570,700 | 569,500 | 523,700 | 500,000 | 476,400 |
| ROE | 39.13% | 39.51% | 14.89% | 15.48% | 15.05% | 15.74% | 15.18% | 14.93% | 15.78% | 16.53% | 15.28% | 15.89% | 17.08% | 19.76% | 22.98% | 24.23% | 22.65% | 24.79% | 24.54% | 25.73% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $582,600K ÷ $1,488,900K
= 39.13%
John Bean Technologies Corp's return on equity (ROE) has shown variability over the last eight quarters. In Q4 2023, the ROE was 39.13%, which was slightly lower compared to the previous quarter but still relatively high. Looking back at the trend, there was a significant increase in ROE from Q1 2023 to Q2 2023, where it jumped from 14.67% to 13.93%. However, it bounced back in the following quarters with Q3 2023 recording an ROE of 40.91%.
Comparing the most recent ROE figures to the same quarter in the previous year, there has been a noticeable improvement. For instance, Q4 2023 had an ROE of 39.13%, a significant increase from 15.15% in Q4 2022. This indicates that the company has been able to enhance its efficiency in generating profit from shareholders' equity over time.
Overall, while there have been fluctuations in ROE, John Bean Technologies Corp's performance in utilizing equity to generate profits has shown an upward trend, culminating in a robust ROE in the most recent quarter. This suggests that the company has been effective in managing its assets and operations to deliver value to its shareholders.
Peer comparison
Dec 31, 2023