Otis Worldwide Corp (OTIS)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,406,000 | 1,380,000 | 1,328,000 | 1,273,000 | 1,253,000 | 1,237,000 | 1,244,000 | 1,249,000 | 1,246,000 | 1,216,000 | 1,151,000 | 1,049,000 | 906,000 | |||
| Total stockholders’ equity | US$ in thousands | -4,924,000 | -4,788,000 | -4,852,000 | -4,857,000 | -4,870,000 | -4,913,000 | -4,997,000 | -5,029,000 | -3,625,000 | -3,854,000 | -3,856,000 | -3,910,000 | -3,862,000 | -4,024,000 | -4,242,000 | -4,189,000 |
| ROE | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,406,000K ÷ $-4,924,000K
= —
As the table does not provide specific data on Otis Worldwide Corp's return on equity (ROE) for the mentioned quarters in 2023 and 2022, a detailed analysis of the ROE trend or performance over these periods cannot be conducted. ROE is a key financial ratio that indicates the profitability and efficiency of a company in generating profits from its shareholders' equity.
To analyze the ROE of Otis Worldwide Corp, it would be necessary to calculate the ratio using the company's net income and average shareholders' equity for each quarter. By tracking the ROE over time, stakeholders can assess the company's ability to utilize its equity to generate profits for shareholders.
In the absence of specific ROE data, it is recommended to obtain the necessary financial information to calculate the ratio and evaluate Otis Worldwide Corp's performance in terms of ROE for better insights into the company's financial health and profitability.
Peer comparison
Dec 31, 2023