Enpro Industries (NPO)

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	22,200	154,100	172,700	225,700	205,100	180,600	181,600	176,500	177,700	60,300	12,700	-23,100	177,600	195,300	213,500	243,900	38,300	8,400	34,100	20,100
Total stockholders’ equity	US$ in thousands	1,409,700	1,407,900	1,414,400	1,435,100	1,395,100	1,267,800	1,280,500	1,265,500	1,270,300	1,140,700	1,118,100	1,080,900	1,081,400	1,065,900	1,084,200	1,071,900	896,600	876,400	876,200	871,100
ROE		1.57%	10.95%	12.21%	15.73%	14.70%	14.25%	14.18%	13.95%	13.99%	5.29%	1.14%	-2.14%	16.42%	18.32%	19.69%	22.75%	4.27%	0.96%	3.89%	2.31%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $22,200K ÷ $1,409,700K
= 1.57%

The return on equity (ROE) for Enpro Inc has displayed some fluctuations over the past eight quarters. In Q4 2023, the ROE stood at a low of 1.57%, significantly lower compared to the previous quarter's ROE of 11.08% in Q3 2023. However, looking back at the trend, there has been a general decrease in ROE over the past few quarters from the peak of 15.77% in Q1 2023.

Overall, Enpro Inc's ROE has been relatively stable around the 14% range throughout the past two years, with slight variations seen in certain quarters. It is essential for the company to closely monitor these fluctuations in ROE to ensure sustainable and consistent profitability in the long term. Further analysis of the company's financial performance and operational efficiency may provide insights into the factors influencing these changes in ROE.