Otis Worldwide Corp (OTIS)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,645,000 | 1,631,000 | 1,467,000 | 1,428,000 | 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 | -4,848,000 | -4,901,000 | -5,046,000 | -5,024,000 | -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 |
| ROE | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,645,000K ÷ $-4,848,000K
= —
Based on the provided data, the return on equity (ROE) for Otis Worldwide Corp is not available for the periods from December 31, 2020, to December 31, 2024. This lack of data makes it difficult to assess the company's profitability in relation to the shareholders' equity during these time frames. ROE is a key financial ratio that indicates how effectively a company is utilizing shareholders' equity to generate profits.
Without specific ROE values, it is challenging to evaluate Otis Worldwide Corp's performance from a profitability perspective. ROE is typically considered a critical metric for investors and analysts to assess a company's ability to generate returns on the equity invested by shareholders.
Investors and stakeholders often rely on ROE as an indicator of a company's financial health, efficiency, and management effectiveness. A high ROE is generally seen as favorable, indicating strong profitability and efficient use of equity capital, while a low ROE may suggest lower profitability or less effective use of shareholder funds.
Given the absence of ROE data for Otis Worldwide Corp, further insights or comparisons with industry peers cannot be provided. It may be informative to monitor future financial reports to understand how the company's return on equity evolves over time and how it compares to industry benchmarks.
Peer comparison
Dec 31, 2024