Ormat Technologies Inc (ORA)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 123,733 | 118,638 | 132,009 | 133,957 | 124,399 | 106,714 | 89,371 | 81,687 | 71,088 | 71,952 | 68,744 | 65,263 | 62,092 | 63,885 | 64,662 | 74,682 | 85,456 | 77,364 | 77,290 | 88,182 |
| Total stockholders’ equity | US$ in thousands | 2,425,130 | 2,388,800 | 2,371,240 | 2,352,080 | 2,315,430 | 2,278,830 | 2,254,390 | 2,184,540 | 1,867,570 | 1,846,500 | 1,832,630 | 1,870,670 | 1,855,000 | 1,833,380 | 1,825,080 | 1,816,610 | 1,805,980 | 1,439,740 | 1,428,400 | 1,409,060 |
| ROE | 5.10% | 4.97% | 5.57% | 5.70% | 5.37% | 4.68% | 3.96% | 3.74% | 3.81% | 3.90% | 3.75% | 3.49% | 3.35% | 3.48% | 3.54% | 4.11% | 4.73% | 5.37% | 5.41% | 6.26% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $123,733K ÷ $2,425,130K
= 5.10%
Ormat Technologies Inc's return on equity (ROE) has been fluctuating over the reported periods. From March 31, 2020, to December 31, 2024, the ROE decreased from 6.26% to 5.10%, with some variations in between. The ROE ranged from a low of 3.35% on December 31, 2021, to a high of 5.70% on March 31, 2024.
Overall, the declining trend in ROE indicates a decreasing profitability as a percentage of shareholders' equity over time. It is essential for Ormat Technologies Inc to assess the factors influencing this trend to enhance its profitability and create more value for its shareholders.
Peer comparison
Dec 31, 2024