L3Harris Technologies Inc (LHX)
Return on equity (ROE)
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 949,000 |
| Total stockholders’ equity | US$ in thousands | 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 | 3,363,000 |
| ROE | 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% | 28.22% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,190,000K ÷ $18,840,000K
= 6.32%
The return on equity (ROE) for L3Harris Technologies Inc has fluctuated over the past several quarters. In the most recent quarter, ending June 30, 2024, the ROE was 6.32%, down slightly from the previous quarter's 6.28%. The ROE has remained relatively stable around the 6-7% range in the past year, with occasional increases such as in September 2023 when it reached 7.98%.
Overall, the ROE performance of L3Harris Technologies Inc has been moderate, indicating that the company is generating a modest return on shareholder equity. The ROE values in comparison to previous quarters suggest that the company has been able to efficiently utilize its equity to generate profits, albeit at varying rates. It is worth noting the significant jump in ROE in the last quarter of 2021, where it reached 28.22%, suggesting a period of exceptional profitability. Further analysis would be needed to understand the factors driving these fluctuations and to assess the sustainability of ROE levels in the future.
Peer comparison
Jun 30, 2024