Owens Corning Inc (OC)
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 | 1,196,000 | 1,189,000 | 1,322,000 | 1,320,000 | 1,241,000 | 1,344,000 | 1,134,000 | 1,089,000 | 995,000 | 1,000,000 | 946,000 | 744,000 | -383,000 | -542,000 | -598,000 | -556,000 | 405,000 | 503,000 | 514,000 | 497,000 |
| Total stockholders’ equity | US$ in thousands | 5,166,000 | 5,105,000 | 5,014,000 | 4,791,000 | 4,575,000 | 4,640,000 | 4,540,000 | 4,341,000 | 4,296,000 | 4,210,000 | 4,117,000 | 3,928,000 | 3,901,000 | 3,852,000 | 3,624,000 | 3,487,000 | 4,631,000 | 4,483,000 | 4,405,000 | 4,262,000 |
| ROE | 23.15% | 23.29% | 26.37% | 27.55% | 27.13% | 28.97% | 24.98% | 25.09% | 23.16% | 23.75% | 22.98% | 18.94% | -9.82% | -14.07% | -16.50% | -15.94% | 8.75% | 11.22% | 11.67% | 11.66% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,196,000K ÷ $5,166,000K
= 23.15%
Owens Corning's Return on Equity (ROE) has shown fluctuation over the past eight quarters, ranging from a low of 23.15% in Q4 2023 to a high of 28.97% in Q3 2022. The ROE peaked in Q3 2022 but has since experienced a slight downward trend.
The company's ROE performance demonstrates its ability to generate profits from shareholders' equity, with an average ROE of approximately 25.74% over the period. This indicates that Owens Corning has been efficiently utilizing its shareholders' equity to generate returns for investors.
It is essential for Owens Corning to monitor its ROE closely to ensure sustainable profitability and shareholder value creation. Any significant deviations from the historical trend should be further analyzed to identify underlying factors driving the changes in ROE.