Ormat Technologies Inc (ORA)

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	124,399	106,714	89,371	76,440	65,841	66,705	63,497	65,263	62,092	63,885	64,662	74,682	85,456	77,364	77,290	88,182	88,095	93,709	88,685	54,404
Total stockholders’ equity	US$ in thousands	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	1,392,420	1,380,730	1,369,560	1,340,350
ROE		5.37%	4.68%	3.96%	3.50%	3.53%	3.61%	3.46%	3.49%	3.35%	3.48%	3.54%	4.11%	4.73%	5.37%	5.41%	6.26%	6.33%	6.79%	6.48%	4.06%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $124,399K ÷ $2,315,430K
= 5.37%

Ormat Technologies Inc's return on equity (ROE) has exhibited a generally stable trend over the past eight quarters, with values ranging from 3.46% to 5.37%. The most recent ROE of 5.37% in Q4 2023 represents an improvement compared to the previous quarters, indicating the company's enhanced ability to generate profits from shareholders' equity. This increase suggests that Ormat Technologies may be utilizing its resources more efficiently to create value for its shareholders. However, it is important to note that the ROE values are still relatively modest, indicating that there may be room for further optimization in utilizing equity to generate profits. Overall, Ormat Technologies' ROE analysis indicates a positive uptrend in profitability and efficiency over the recent quarters.