Ovintiv Inc (OVV)
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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,125,000 | 2,041,000 | 1,940,000 | 1,936,000 | 2,085,000 | 2,564,000 | 3,344,000 | 4,365,000 | 3,637,000 | 3,686,000 | 2,428,000 | 866,000 | 1,416,000 | -582,000 | -2,031,000 | -6,209,000 | -6,097,000 | -5,489,000 | -3,819,000 | 900,000 |
| Total stockholders’ equity | US$ in thousands | 10,331,000 | 10,655,000 | 10,328,000 | 10,262,000 | 10,370,000 | 9,552,000 | 9,316,000 | 7,894,000 | 7,689,000 | 6,550,000 | 5,821,000 | 4,684,000 | 5,074,000 | 3,797,000 | 3,934,000 | 4,134,000 | 3,837,000 | 4,352,000 | 5,873,000 | 10,191,000 |
| ROE | 10.89% | 19.16% | 18.78% | 18.87% | 20.11% | 26.84% | 35.90% | 55.30% | 47.30% | 56.27% | 41.71% | 18.49% | 27.91% | -15.33% | -51.63% | -150.19% | -158.90% | -126.13% | -65.03% | 8.83% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,125,000K ÷ $10,331,000K
= 10.89%
Ovintiv Inc's return on equity (ROE) has shown significant fluctuations over the past few years. Starting with negative ROE figures in mid-2020 and declining to as low as -158.90% by the end of December 2020, the company's profitability as measured by ROE was in a challenging position.
However, there has been a notable turnaround since then, with ROE improving steadily from March 2021 to December 2024. The company managed to achieve positive ROE figures starting in December 2021, reaching a high of 56.27% by September 2022. This upward trend demonstrates a strengthening of Ovintiv Inc's ability to generate profit from shareholder equity during this period.
Although there were some variations in ROE figures in the subsequent quarters, overall, Ovintiv Inc's ROE appears to have stabilized at a satisfactory level between the range of around 18.78% to 55.30% from mid-2023 to the end of 2024. This indicates an improvement in the company's profitability and efficiency in utilizing shareholders' equity to generate returns. Further monitoring of ROE will be necessary to assess the company's long-term financial performance.
Peer comparison
Dec 31, 2024