Otis Worldwide Corp (OTIS)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	1,406,000	1,253,000	1,246,000	906,000
Total stockholders’ equity	US$ in thousands	-4,924,000	-4,870,000	-3,625,000	-3,862,000
ROE		—	—	—	—

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $1,406,000K ÷ $-4,924,000K
= —

The return on equity (ROE) for Otis Worldwide Corp was not provided for the years 2020, 2021, 2022, and 2023. However, the ROE in 2019 was 57.94%. This indicates that for every dollar of shareholders' equity invested in the company in 2019, Otis Worldwide Corp generated a return of 57.94 cents in net income. Unfortunately, without the ROE data for the subsequent years, it is not possible to assess the trend in the company's profitability and efficiency in generating returns for its shareholders over the period 2020-2023.

Peer comparison

Dec 31, 2023

Company name

Symbol

ROE

Otis Worldwide Corp

OTIS

—

Emerson Electric Company