Littelfuse Inc (LFUS)
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 | 259,485 | 309,908 | 327,588 | 344,533 | 373,306 | 331,946 | 348,532 | 343,611 | 283,806 | 290,839 | 254,141 | 163,055 | 129,986 | 93,663 | 73,954 | 126,737 | 139,082 | 149,093 | 166,992 | 165,526 |
| Total stockholders’ equity | US$ in thousands | 2,480,170 | 2,404,510 | 2,356,960 | 2,307,230 | 2,211,190 | 2,088,720 | 2,051,810 | 2,000,520 | 1,893,390 | 1,821,270 | 1,742,090 | 1,660,610 | 1,608,640 | 1,529,430 | 1,462,300 | 1,476,820 | 1,495,880 | 1,472,080 | 1,509,810 | 1,505,260 |
| ROE | 10.46% | 12.89% | 13.90% | 14.93% | 16.88% | 15.89% | 16.99% | 17.18% | 14.99% | 15.97% | 14.59% | 9.82% | 8.08% | 6.12% | 5.06% | 8.58% | 9.30% | 10.13% | 11.06% | 11.00% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $259,485K ÷ $2,480,170K
= 10.46%
Littelfuse Inc's return on equity (ROE) has shown some fluctuations over the past few quarters. ROE is a measure of a company's profitability in relation to shareholders' equity.
The ROE has ranged from a low of 5.06% in March 2020 to a high of 17.18% in March 2022, indicating variability in the company's ability to generate profit from the shareholders' equity. Generally, a higher ROE suggests that the company is more efficient at using equity to generate profits.
The trend of ROE over the periods reflects a general decline from a peak of 17.18% in March 2022 to 10.46% in December 2023. This decline could be a cause for concern as it may indicate a decrease in the company's profitability relative to the equity invested by shareholders.
It is important for investors and analysts to further investigate the factors driving the fluctuations in ROE to understand the company's financial health and performance. Additionally, comparing Littelfuse Inc's ROE with industry peers could provide additional insights into its competitive position within the market.
Peer comparison
Dec 31, 2023