Otis Worldwide Corp (OTIS)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,645,000 | 1,406,000 | 1,253,000 | 1,246,000 | 906,000 |
| Total stockholders’ equity | US$ in thousands | -4,848,000 | -4,924,000 | -4,870,000 | -3,625,000 | -3,862,000 |
| ROE | — | — | — | — | — |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,645,000K ÷ $-4,848,000K
= —
The data provided shows that Otis Worldwide Corp did not report a return on equity (ROE) for the years ending December 31, 2020, December 31, 2021, December 31, 2022, December 31, 2023, and December 31, 2024.
Without the availability of ROE figures, it is challenging to assess the company's profitability in relation to its equity base. ROE is a significant financial metric that measures a company's ability to generate profit from its shareholders' equity. A higher ROE indicates that the company is effectively using shareholders' funds to generate profits. Conversely, a low or negative ROE may suggest inefficiency in utilizing equity capital.
In the absence of ROE data, it is essential for stakeholders to seek further information or clarification from Otis Worldwide Corp regarding its financial performance and the factors influencing its return on equity.
Peer comparison
Dec 31, 2024