Oshkosh Corporation (OSK)

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	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	Dec 31, 2018
Net income (ttm)	US$ in thousands	598,000	522,300	397,900	249,800	159,200	173,800	328,400	401,100	472,700	483,000	349,300	318,300	324,500	374,500	486,200	546,100	579,400	580,700	542,200	524,500
Total stockholders’ equity	US$ in thousands	3,705,300	3,543,300	3,396,800	3,247,200	3,185,700	2,891,300	2,877,000	2,968,000	3,357,700	3,228,700	3,018,200	2,932,600	2,850,700	2,768,900	2,689,000	2,681,100	2,599,800	2,596,900	2,499,700	2,411,200
ROE		16.14%	14.74%	11.71%	7.69%	5.00%	6.01%	11.41%	13.51%	14.08%	14.96%	11.57%	10.85%	11.38%	13.53%	18.08%	20.37%	22.29%	22.36%	21.69%	21.75%

December 31, 2023 calculation

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

Oshkosh Corp's return on equity (ROE) has shown an increasing trend over the past three quarters, with the ROE climbing from 8.15% in Q1 2023 to 16.14% in Q4 2023. This indicates that the company has been effectively utilizing its shareholders' equity to generate profit.

Comparing the ROE values to the same quarters in the previous year, it is evident that Oshkosh Corp's performance has improved significantly. For example, in Q4 2022, the ROE was 5.46%, which has more than tripled by Q4 2023.

The strong upward trajectory of Oshkosh Corp's ROE is a positive indicator of the company's financial health and efficiency in generating profits relative to the equity invested by shareholders. This trend shows that the company's management is making effective strategic decisions to drive profitability and enhance shareholder value.