L3Harris Technologies Inc (LHX)
Return on equity (ROE)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,207,000 | 1,190,000 | 1,173,000 | 1,227,000 | 1,485,000 | 802,000 | 924,000 | 1,062,000 | 1,130,000 | 1,911,000 | 1,853,000 | 1,846,000 | 1,555,000 | 1,500,000 | 1,370,000 | 1,119,000 | 1,355,000 | 1,197,000 | 1,157,000 | 1,165,000 |
| Total stockholders’ equity | US$ in thousands | 18,998,000 | 18,840,000 | 18,666,000 | 18,765,000 | 18,616,000 | 18,428,000 | 18,306,000 | 18,523,000 | 18,337,000 | 19,086,000 | 19,260,000 | 19,213,000 | 19,484,000 | 19,863,000 | 20,367,000 | 20,724,000 | 21,313,000 | 22,102,000 | 21,898,000 | 22,773,000 |
| ROE | 6.35% | 6.32% | 6.28% | 6.54% | 7.98% | 4.35% | 5.05% | 5.73% | 6.16% | 10.01% | 9.62% | 9.61% | 7.98% | 7.55% | 6.73% | 5.40% | 6.36% | 5.42% | 5.28% | 5.12% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,207,000K ÷ $18,998,000K
= 6.35%
ROE, or Return on Equity, is a financial ratio that measures a company's profitability by calculating how much profit the company generates with the money shareholders have invested. Looking at the ROE trend of L3Harris Technologies Inc over the past several quarters, we can see fluctuations in the ratio.
From Sep 30, 2019, to Sep 30, 2024, the ROE of L3Harris Technologies Inc has varied between 5.12% and 10.01%. The decreasing trend in ROE from 2019 to 2020 was followed by a slight increase in 2021, with ROE reaching 7.55%. However, in the subsequent quarters of 2021 and 2022, the ROE remained relatively stable around the 6-7% range.
In the most recent quarters of 2023 and 2024, the ROE has ranged between 6.28% and 6.54%, indicating a moderate level of return on equity for the company. Despite minor fluctuations, the ROE of L3Harris Technologies Inc has generally remained at a steady level in recent quarters.
Overall, the ROE trend suggests that L3Harris Technologies Inc has been able to maintain a moderate level of profitability in relation to shareholder equity, with fluctuations reflecting changes in the company's financial performance and efficiency in generating returns for shareholders.
Peer comparison
Sep 30, 2024