Linde plc Ordinary Shares (LIN)
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 | 6,199,000 | 5,984,000 | 5,692,000 | 4,489,000 | 4,147,000 | 3,845,000 | 3,551,000 | 4,020,000 | 3,826,000 | 3,570,000 | 3,291,000 | 2,908,000 | 2,501,000 | 2,242,000 | 2,277,000 | 2,341,000 | 2,285,000 | 4,752,000 | 4,478,000 | 3,989,000 |
| Total stockholders’ equity | US$ in thousands | 39,720,000 | 38,898,000 | 39,911,000 | 39,970,000 | 40,028,000 | 37,628,000 | 39,674,000 | 42,963,000 | 44,035,000 | 44,323,000 | 45,777,000 | 46,210,000 | 47,317,000 | 46,175,000 | 45,537,000 | 44,776,000 | 49,074,000 | 48,953,000 | 50,564,000 | 51,175,000 |
| ROE | 15.61% | 15.38% | 14.26% | 11.23% | 10.36% | 10.22% | 8.95% | 9.36% | 8.69% | 8.05% | 7.19% | 6.29% | 5.29% | 4.86% | 5.00% | 5.23% | 4.66% | 9.71% | 8.86% | 7.79% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $6,199,000K ÷ $39,720,000K
= 15.61%
Linde Plc.'s return on equity (ROE) has shown a consistent upward trend over the past eight quarters. In Q4 2023, the ROE stood at 15.61%, representing a continuous improvement from the previous quarter's 15.38%. This indicates that the company has been effectively utilizing its equity to generate profits for shareholders.
Compared to the same quarter the previous year, Q4 2022, there has been a significant increase in ROE from 10.36% to 15.61%, showcasing a substantial improvement in the company's profitability and efficiency in generating returns for its shareholders.
The ROE performance in Q4 2023 also outperformed the ROE figures from the first three quarters of 2023, with a noticeable increase from 11.23% in Q1 2023 to 15.61% in Q4 2023. This indicates a positive and consistent growth trajectory in the company's profitability and efficiency in capital utilization.
Furthermore, Linde Plc.'s ROE has been consistently above single digits since Q1 2022, suggesting that the company has been successful in efficiently leveraging its equity to generate returns for investors.
In conclusion, Linde Plc.'s improving trend in return on equity indicates a positive outlook for the company's financial performance and its ability to create value for its shareholders in the coming quarters.
Peer comparison
Dec 31, 2023
See also:
Linde plc Ordinary Shares Return on Equity (ROE) (Quarterly Data)