Oshkosh Corporation (OSK)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Net income	US$ in thousands	598,000	173,900	472,700	324,500	579,400
Total stockholders’ equity	US$ in thousands	3,705,300	3,185,700	3,357,700	2,850,700	2,599,800
ROE		16.14%	5.46%	14.08%	11.38%	22.29%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $598,000K ÷ $3,705,300K
= 16.14%

Oshkosh Corp's return on equity (ROE) has fluctuated over the past five years, ranging from 5.46% in 2022 to 22.29% in 2019. The ROE increased significantly from 2022 to 2023, reaching 16.14%. This improvement may indicate enhanced efficiency in generating profits from shareholders' equity. However, the ROE in 2023 is still below the level achieved in 2019. It is essential for the company to continue focusing on improving its profitability and effectively utilizing its equity to maximize returns for shareholders.