Lennox International Inc (LII)
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 | 590,100 | 540,000 | 551,500 | 511,500 | 497,100 | 486,300 | 470,700 | 463,500 | 464,100 | 492,200 | 497,600 | 427,600 | 356,300 | 358,600 | 341,600 | 352,300 | 408,700 | 370,300 | 363,600 | 390,500 |
| Total stockholders’ equity | US$ in thousands | 285,300 | 159,500 | 62,600 | -125,900 | -203,100 | -305,200 | -401,300 | -410,200 | -269,000 | -334,800 | -213,300 | -160,700 | -17,100 | -115,700 | -228,900 | -318,300 | -170,200 | -277,300 | -217,500 | -204,800 |
| ROE | 206.83% | 338.56% | 880.99% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $590,100K ÷ $285,300K
= 206.83%
Based on the data provided, it is evident that Lennox International Inc's return on equity (ROE) has been fluctuating significantly over the past few quarters. In Q1 2023, the ROE data is not available, making it challenging to assess the trend accurately for that specific quarter.
The ROE has shown a substantial increase from Q4 2022 to Q2 2023, reaching exceptionally high levels of 880.99% in Q2 2023 and 338.56% in Q3 2023. These numbers indicate that Lennox International Inc has been generating substantial returns for its shareholders during these periods.
While the ROE values are impressive, the sudden fluctuations in the ratios may raise questions about the sustainability of these high returns. Investors may want to further investigate the underlying factors driving these fluctuations and assess the company's operational efficiency and profitability to determine the long-term viability of the business.
Overall, Lennox International Inc's recent ROE performance demonstrates strong profitability, but further analysis is required to understand the dynamics behind the fluctuations and to evaluate the company's overall financial health and performance.
Peer comparison
Dec 31, 2023