L3Harris Technologies Inc (LHX)
Return on equity (ROE)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,502,000 | 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 | 1,319,000 | 1,322,000 | 1,307,000 |
| Total stockholders’ equity | US$ in thousands | 19,514,000 | 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 |
| ROE | 7.70% | 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% | 6.19% | 5.98% | 5.97% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,502,000K ÷ $19,514,000K
= 7.70%
L3Harris Technologies Inc's return on equity (ROE) has shown fluctuation over the past few years. From March 31, 2020, to June 30, 2022, the ROE increased steadily from 5.97% to 10.01%, indicating improved efficiency in generating profits from shareholders' equity.
However, there was a notable decline in ROE from September 30, 2022, to June 30, 2023, where it fell from 6.16% to 4.35%. This decrease suggests a potential decrease in the company's ability to generate profit from shareholders' investments during this period.
The ROE rebounded in the following quarters, reaching 7.70% by December 31, 2024. This indicates a recovery in the company's profitability in utilizing equity funding.
Overall, L3Harris Technologies Inc's ROE has shown both positive and negative trends, highlighting periods of efficiency and challenges in generating profits for shareholders. It is essential for investors and analysts to monitor this metric carefully to assess the company's performance and financial health.
Peer comparison
Dec 31, 2024